EX-12.1 8 dex121.htm STATEMENT REGARDING COMPUTATION OF EARNINGS Statement Regarding Computation of Earnings

Exhibit 12.1

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

     Year Ended December 31,     Nine Months Ended
September 30,		  
     2006     2005     2004     2003     2002     2007     2006  

Net loss

    (135,819 )   (102,505 )   (252,298 )   (130,031 )   (49,903 )   (109,243 )   (100,219 )

Add: fixed charges

    45,147     18,942     12,504     10,694     12,335     12,807     42,080  
                                          

Earnings as defined

    (90,672 )   (83,563 )   (239,794 )   (119,337 )   (37,568 )   (96,437 )   (58,139 )
                                          

Fixed charges:

               

Interest expensed and capitalized

    44,582     17,559     10,988     9,326     11,240     12,367     41,641  

Estimated interest component of rent

    565     1,383     1,516     1,368     1,095     440     439  
                                          

Total fixed charges

    45,147     18,942     12,504     10,694     12,335     12,807     42,080  
                                          

Ratio of earnings to fixed charges

    (1 )   (1 )   (1 )   (1 )   (1 )   (1 )   (1 )

 

(1) Earnings (as defined) for the period were insufficient to cover fixed charges by an amount equal to the net loss applicable to common shareholders for the period.