EX-12.1 5 dex121.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement Regarding Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

CSG Systems International, Inc.

Ratio of Earnings to Fixed Charges

(in thousands, except ratios)

 

     Years ended December 31,

    Three months
ended
March 31,


     1999

   2000

   2001

   2002

   2003(1)

    2004

Income (loss) from continuing operations before income taxes

   $ 95,929    $ 145,203    $ 183,442    $ 87,544    $ (48,460 )   $ 17,500
    

  

  

  

  


 

Fixed Charges:

                                          

Interest on long-term and short-term debt including amortization of debt expense

     7,214      5,808      3,038      14,033      14,717       3,554

Interest element of rentals

     2,080      3,040      4,240      11,600      9,720       2,390
    

  

  

  

  


 

Total fixed charges

     9,294      8,848      7,278      25,633      24,437       5,944
    

  

  

  

  


 

Earnings before income taxes and fixed charges

   $ 105,223    $ 154,051    $ 190,720    $ 113,177    $ (24,023 )   $ 23,444
    

  

  

  

  


 

Ratio of earnings to fixed charges

     11.32      17.41      26.21      4.42      —         3.94
    

  

  

  

  


 


(1) As a result of the Comcast arbitration ruling, we recognized a loss from continuing operations before income taxes for the year ended December 31, 2003. The amount of the coverage deficiency for the historical year ended December 31, 2003 was $48.5 million.