EX-12.1 4 a2213280zex-12_1.htm EX-12.1

 

Consolidated Communications Holdings, Inc.

Exhibit 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges

 

(Dollars in thousands)

 

 

 

 

Historical

 

 

Pro Forma

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

Year Ended December 31,

 

 

December 31,

 

 

 

2012

 

2011

 

2010

 

2009

 

2008

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

7,607

 

$

41,827

 

$

42,143

 

$

38,334

 

$

12,766

 

 

 $

16,880

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

 

74,041

 

 

50,236

 

 

51,966

 

 

59,354

 

 

68,060

 

 

83,011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges

 

(791

)

(911

)

(892

)

(1,150

)

(1,283

)

 

(791

)

TOTAL EARNINGS

 

$

80,857

 

$

91,152

 

$

93,217

 

$

96,538

 

$

79,543

 

 

 $

99,100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

All interest charges, whether expensed or capitalized

 

$

66,734

 

$

48,125

 

$

49,566

 

$

56,716

 

$

65,228

 

 

 $

79,397

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of debt issue costs and discount or premium relating to indebtedness, whether expensed or capitalized

 

6,360

 

1,411

 

1,293

 

1,275

 

1,431

 

 

2,351

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest portion of rental expense

 

947

 

700

 

1,107

 

1,363

 

1,401

 

 

1,263

 

TOTAL FIXED CHARGES

 

$

74,041

 

$

50,236

 

$

51,966

 

$

59,354

 

$

68,060

 

 

 $

83,011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

1.09

 

1.81

 

1.79

 

1.63

 

1.17

 

 

1.19