EX-12.1 3 0003.txt RATIO OF EARNINGS TO FIXED CHARGES FOR 3 MONTHS 1 EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands) (Unaudited)
THREE MONTHS ENDED MARCH 31, 2000 -------------------------- 1999 2000 ---------- ---------- Earnings: Loss before cumulative effect of a change in accounting principle ......................... $ (51,758) $ (49,228) Fixed charges, less interest capitalized ............ 43,953 54,461 ---------- ---------- Earnings ...................................... $ (7,805) $ 5,233 ========== ========== Fixed charges: Interest expense, including interest capitalized .... $ 40,499 $ 46,367 Amortization of deferred financing costs ............ 1,117 1,152 Interest portion of rental expense .................. 7,922 8,106 ---------- ---------- Fixed charges ................................ $ 49,538 $ 55,625 ========== ========== Ratio of earnings to fixed charges ......................... -- -- ========== ========== Deficiency of earnings available to cover fixed charges ....................................... $ (57,343) $ (50,392) ========== ==========