EX-12 2 globix_s4ex-12.txt Exhibit 12 Successor Company Predecessor Company ---------------------------------------- ------------------------------------------------------ Nine Five Seven Months Ended Year Ended Months Ended Months Ended Year Ended Year Ended Year Ended June 30, September 30, September 30, April 30, September 30, September 30, September 30, 2004 2003 2002 2002 2001 2000 1999 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Fixed Charges Interest expensed $ 8,975 $ 15,141 $ 6,653 $ 34,511 $ 65,128 $ 57,831 $ 18,386 Capitalized interest -- -- -- -- 12,432 2,322 3,823 Amortized of capitalized expenses -- -- -- 393 317 153 56 Estimated interest within rental expenses (1) 868 1,933 2,034 1,939 2,376 1,358 426 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total fixed charges $ 9,843 $ 17,074 $ 8,687 $ 36,843 $ 80,253 $ 61,664 $ 22,691 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Earnings Income (loss) from continuing operations before adjustements for minority interest in consolidated subsidiary $ (35,793) $ (25,108) $ (21,131) $ 154,156 $(210,711) $(126,447) $ (43,385) Add: Fixed charges 9,843 17,074 8,687 36,843 80,253 61,664 22,691 Amortization of capitalized interest -- -- -- 393 317 153 56 Subtract: Capitalized interest -- -- -- -- 12,432 2,322 3,823 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Earnings $ (25,950) $ (8,034) $ (12,444) $ 191,392 $(142,573) $ (66,952) $ (24,461) ---------- ---------- ---------- ---------- ---------- ---------- ---------- Preferred dividends -- -- -- 2,713 6,173 4,975 -- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Ratio of Earnings to Fixed Charges/ Deficiency $ (35,793) $ (25,108) $ (21,131) $ 5.12 $(228,999) $(133,591) $ (47,152) ========== ========== ========== ========== ========== ========== ========== (1) For the purposes of this item, interest is estimated as one third of rent expense.