EX-12.1 2 v03064exv12w1.txt EXHIBIT 12.1 EXHIBIT 12.1 WESTERN WIRELESS CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollars in thousands)
NINE MONTHS ENDED YEAR ENDED DECEMBER 31, SEPTEMBER 30, ---------------------------------------------------------------------- 1999 2000 2001 2002 2003 2004 ---- ---- ---- ---- ---- ---- (As restated) (As restated) (As restated) Income (loss) from continuing operations before provision for income taxes and cumulative change in accounting principle $(48,121) $65,406 $(137,299) $(92,187) $36,907 $144,939 Adjust for: Minority interests in net income (loss) of consolidated subsidiaries (1,610) (2,058) (17,799) (8,107) (4,637) 7,711 Equity in net (income) loss of unconsolidated affiliates, net of tax 14,529 (658) 7,772 (4,219) (2,750) (4,195) -------- ------- -------- --------- -------- -------- Income (loss) from continuing operations before provision for income taxes, cumulative change in accounting principle, minority interests in consolidated subsidiaries and income (loss) from equity investees (35,202) 62,690 (147,326) (104,513) 29,520 148,455 Add: Fixed charges 99,993 152,229 163,353 158,791 158,719 104,815 Amortization of capitalized interest 408 965 1,126 852 Distributed income of equity investees 5,102 Deduct: Interest capitalized (5,707) (2,100) (150) Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges (223) (616) (104) (17) (8,124) ------- -------- ------ --------- -------- -------- Earnings $64,791 $214,696 $10,112 $53,039 $189,198 $251,100 ======= ======== ======= ========= ======== ======== Fixed Charges: Interest and financing expense, net $99,993 $152,229 $157,646 $156,691 $158,569 $104,815 Interest capitalized 5,707 2,100 150 ------- -------- -------- --------- -------- -------- Fixed Charges $99,993 $152,229 $163,353 $158,791 $158,719 $104,815 ======= ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 1.41 1.19 2.40 ======= ======== ======== ======== ======== ======== Deficiency of earnings to cover fixed charges $(35,202) $(153,241) $(105,752) ======== ======== ========= ========= ======== ========