EX-12.2 8 y49999ex12-2.txt COMPUTATION OF RATIO OF EARNINNGS TO FIXED CHARGES 1 NTL Incorporated Exhibit 12.2 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 $ 376.7 $ 1,131.9 $ 722.5 $ 356.6 $ 209.4 $ 147.3 Amortization of debt expense 12.1 40.9 18.2 10.2 7.8 8.9 Interest portion of rental expense 6.7 18.7 12.2 9.8 6.0 5.0 ---------- ---------- -------- -------- -------- -------- Fixed charges 395.5 1,191.5 752.9 376.6 223.2 161.2 Preferred stock dividend requirement 65.1 194.0 73.7 18.8 12.0 -- ---------- ---------- -------- -------- -------- -------- Combined fixed charges and preferred stock dividend requirement $ 460.6 $ 1,385.5 $ 826.6 $ 395.4 $ 235.2 $ 161.2 ========== ========== ======== ======== ======== ======== Earnings: (Loss) from operations $ (1,060.4) $ (3,074.7) $ (768.0) $ (507.2) $ (344.1) $ (258.6) Fixed charges 395.5 1,191.5 752.9 376.6 223.2 161.2 Less: Capitalized interest (21.6) (95.1) (41.8) (27.8) (6.8) (10.3) ---------- ---------- -------- -------- -------- -------- $ (686.5) $ (1,978.3) $ (56.9) $ (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 $1,082.0 million, $3,169.8 million $809.8 million, $535.0 million, $350.9 million, and $268.9 million, respectively. For the three months ended March 31, 2001 and for the years ended December 31, 2000, 1999, 1998 and 1997, the deficit of earnings to combined fixed charges and preferred stock dividends was $1,147.1 million, $3,363.8 million, $883.5 million, $553.8 million and $362.9 million, respectively.