EX-12 3 ex12-1.txt EXHIBIT 12.1 Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends (In thousands)
1999 2000 2001 ---- ---- ---- Pretax loss from continuing operations before equity in unconsolidated affiliates $(183,545) $(315,217) $(405,775) ------------ ------------ ----------- Fixed charges: Interest expense 64,904 122,102 136,193 Interest expense in discontinued operations 55 22 - Interest expense in rentals 754 1,045 2,299 ------------ ----------- ------------ Total fixed charges 65,713 123,169 138,492 ------------ ----------- ------------ Earnings before fixed charges $(117,832) $(192,048) $(267,283) ============ =========== ============ Pretax preferred dividend requirement $ 16,751 $ 60,688 $ 38,068 Combined fixed charges and preferred dividends 82,465 183,857 176,560 Deficiency in earnings for fixed charges (183,545) (315,217) (405,775) Deficiency in earnings for combined fixed charges and preferred dividends (200,296) (375,905) (443,843)