EX-12.1 7 y49999ex12-1.txt COMPUTATION OF RATIO OF EARNINGS 1 NTL Communications Corp. Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges
Year Ended December 31, 3 Months Ended -------------------------------------------------------------- March 31, 2001 2000 1999 1998 1997 1996 -------------- ---- ---- ---- ---- ---- Fixed charges: Interest $ 329.6 $ 981.4 $ 720.0 $ 356.6 $ 209.4 $ 147.3 Amortization of debt expense 9.9 33.8 18.0 10.2 7.8 8.9 Interest portion of rental expense 4.2 15.4 9.2 9.8 6.0 5.0 ---------- ---------- -------- -------- -------- -------- Fixed charges 343.7 1,030.6 747.2 376.6 223.2 161.2 Preferred stock dividend requirement -- -- 13.1 18.8 12.0 -- ---------- ---------- -------- -------- -------- -------- Combined fixed charges and preferred stock dividend requirement $ 343.7 $ 1,030.6 $ 760.3 $ 395.4 $ 235.2 $ 161.2 ========== ========== ======== ======== ======== ======== Earnings: (Loss) from operations $ (837.0) $ (2,468.0) $ (743.4) $ (507.2) $ (344.1) $ (258.6) Fixed charges 343.7 1,030.6 747.2 376.6 223.2 161.2 Less: Capitalized interest (21.6) (95.1) (41.8) (27.8) (6.8) (10.3) ---------- ---------- -------- -------- -------- -------- $ (514.9) $ (1,532.5) $ (38.0) $ (158.4) $ (127.7) $ (107.7) ========== ========== ======== ======== ======== ======== Ratio of Earnings to Fixed Charges (1) -- -- -- -- -- --
----------------- The ratio of earnings to fixed charges and combined fixed charges and preferred stock dividends is not meaningful for the periods that result in a deficit. (1) For the three months ended March 31, 2001 and for the years ended December 31, 2000, 1999, 1998, 1997 and 1996, the deficit of earnings to fixed charges was $858.6 million, $2,563.1 million $785.2 million, $535.0 million, $350.9 million, and $268.9 million, respectively. For the years ended December 31, 1999, 1998 and 1997, the deficit of earnings to combined fixed charges and preferred stock dividends was $798.3 million, $553.8 million and $362.9 million, respectively.