EX-12.1 2 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.

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratios)

 

     Years ended December 31,

   Three months ended
March 31,
     2000

   2001

   2002

   2003(1)

    2004(2)

   2005

Income (loss) from continuing operations before income taxes

   $ 145,203    $ 183,442    $ 87,544    $ (48,460 )   $ 69,206    $ 14,067
    

  

  

  


 

  

Fixed Charges:

                                          

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

     5,808      3,038      14,033      14,717       10,334      1,915

Interest element of rentals

     3,040      4,240      11,600      9,720       7,936      1,978
    

  

  

  


 

  

Total fixed charges

     8,848      7,278      25,633      24,437       18,270      3,893
    

  

  

  


 

  

Earnings before income taxes and fixed charges

   $ 154,051    $ 190,720    $ 113,177    $ (24,023 )   $ 87,476    $ 17,960
    

  

  

  


 

  

Ratio of earnings to fixed charges

     17.41      26.21      4.42      —         4.79      4.61
    

  

  

  


 

  


(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.
(2) Excludes the write-off of unamortized deferred financing costs of $6.6 million resulting from the repayment of our outstanding indebtedness under our then-existing credit facility in June 2004.