EX-12.1 2 0002.txt EXHIBIT 12.1 Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends (In thousands)
Years Ended December 31, Pro Forma 1996 1997 1998 1999 2000 2000(b) ---------- ----------- ------------ ----------- ----------- ----------- Pretax loss from continuing operations $ (7,166) $ (22,156) $ (101,853) $ (183,746) $ (315,649) $ (376,841) ---------- ----------- ------------ ----------- ----------- ----------- Fixed charges: Interest expense 8,885 14,275 44,559 64,904 122,102 138,667 Interest expense in discontinued operations 3,570 1,819 46 55 22 22 Interest expense in rentals(a) 237 351 541 754 1,045 1,045 ---------- ----------- ------------ ----------- ----------- ----------- Total fixed charges 12,692 16,445 45,146 65,713 123,169 139,734 ---------- ----------- ------------ ----------- ----------- ----------- Earnings before fixed charges $ 5,526 $ (5,711) $ (56,707) $ (118,033) $ (192,480) $ (237,107) ========== =========== ============ =========== =========== =========== Pretax preferred dividend requirement $ -- $ 12,308 $ 23,207 $ 16,751 $ 60,688 $ 28,487 Combined fixed charges and preferred dividends 12,692 28,753 68,353 82,464 183,857 168,221 Deficiency in earnings for fixed charges (7,166) (22,156) (101,853) (183,746) (315,649) (376,841) Deficiency in earnings for combined fixed charges and preferred dividends (7,166) (34,464) (125,060) (200,497) (376,337) (405,328)
(a) Represents a reasonable approximation of the interest factor. (b) Includes the effects of the exchange offers, corporate reorganization and Golden Sky Holdings acquisition. See Annex A to this prospectus.