EX-12.1 4 a2074248zex-12_1.txt EXHIBIT 12.1 Exhibit 12.1 to Form 10-K for 2001 Broadwing Communications Inc. Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends ($ in millions)
COMPANY PREDECESSOR ------------------------------------ ------------------------------------- Period from Period from November 10 to January 1 to December 31, November 9, 2001 2000 1999 1999 1998 1997 ------------------------------------ ------------------------------------- Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees $ (476.5) $ (615.3) $ (45.5) $ (230.5) $ (43.1) $ (44.5) ------------------------------------ ------------------------------------- Fixed Charges: Interest expense, etc 91.1 92.3 9.0 51.0 47.9 39.0 Appropriate portion of rentals 2.5 2.1 0.2 1.5 0.9 0.6 Preferred stock dividends of majority subsidiaries -- -- -- -- -- -- ------------------------------------ ------------------------------------- Total Fixed Charges 93.6 94.4 9.2 52.5 48.8 39.6 ------------------------------------ ------------------------------------- Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus fixed charges $ (382.9) $ (520.9) $ (36.3) $ (178.0) $ 5.7 $ (4.9) ==================================== ==================================== Preferred dividend requirements $ 46.2 $ 47.1 $ 6.6 $ 56.5 $ 58.2 $ 21.6 Total Fixed Charges 93.6 94.4 9.2 52.5 48.8 39.6 ------------------------------------ ------------------------------------- Total Fixed Charges and preferred dividends $ 139.8 $ 141.5 $ 15.8 $ 109.0 $ 107.0 $ 61.2 ==================================== ==================================== Ratio of earnings to combined fixed charges and preferred dividends (3.4) (4.3) (2.9) (2.1) (0.4) (0.7) ==================================== ==================================== Coverage Deficiency $ 616.3 $ 756.8 $ 61.3 $ 339.5 $ 150.1 $ 105.7