EX-12.1 21 f76817ex12-1.txt EXHIBIT 12.1 EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
NINE MONTHS ENDED YEAR ENDED DECEMBER 31, SEPTEMBER 30, --------------------------------------------- ---------------------- 1996 1997 1998 1999 2000 2001 --------- --------- --------- --------- --------- --------- Income (loss) before income taxes, minority interest and extraordinary item ............ $ 65,419 $ 82,813 $ 138,167 $(130,998) $ (97,751) $(104,581) --------- --------- --------- --------- --------- --------- Fixed charges: Interest expense and amortization of debt issuance costs................... $ -- $ -- $ 14,908 $ 17,769 $ 18,606 $ 17,087 Interest portions of leases............. 2,900 4,133 3,600 5,033 6,133 5,301 --------- --------- --------- --------- --------- --------- Total fixed charges (B)....................... $ 2,900 $ 4,133 $ 18,508 $ 22,802 $ 24,739 $ 22,388 ========= ========= ========= ========= ========= ========= Income (loss) before income taxes, minorities interest and extraordinary item plus fixed charges (A)...................... $ 68,319 $ 86,946 $ 156,675 $(108,196) $ (73,012) $ (82,193) --------- --------- --------- --------- --------- --------- Ratio of earnings to fixed charges (A/B)...... 23.6x 21.0x 8.5x --x(1) --x(1) --x(1)
(1) During the nine months ended September 30, 2001 and the fiscal years ended December 31, 2000 and 1999, there was a deficiency of earnings to cover fixed charges of approximately $104.6 million, $97.8 million and $131 million, respectively.