Exhibit 12.1 Ratio of Earnings To Fixed Charges
Year Ended December 31, |
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2003 |
2002 |
2001 |
2000 |
1999 |
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(amounts in thousands) | ||||||||||||||||||||
Net Income (loss) |
$ | 35,282 | $ | (149,132 | ) | $ | (567,277 | ) | $ | (1,411,273 | ) | $ | (719,968 | ) | ||||||
Equity in losses of equity-method investees |
436 | 4,169 | 30,327 | 304,596 | 76,769 | |||||||||||||||
Net Income (loss) before equity in losses of equity-method investees |
35,718 | (144,963 | ) | (536,950 | ) | (1,106,677 | ) | (643,199 | ) | |||||||||||
Plus fixed charges: |
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Interest expense including amortization of debt issuance costs |
129,979 | 142,925 | 139,232 | 130,921 | 84,566 | |||||||||||||||
Assumed interest element included in rent expense |
5,718 | 6,205 | 8,880 | 10,773 | 4,732 | |||||||||||||||
135,697 | 149,130 | 148,112 | 141,694 | 89,298 | ||||||||||||||||
Adjusted earnings (loss) |
171,415 | 4,167 | (388,838 | ) | (964,983 | ) | (553,901 | ) | ||||||||||||
Fixed charges |
(135,697 | ) | (149,130 | ) | (148,112 | ) | (141,694 | ) | (89,298 | ) | ||||||||||
Excess (deficiency) of earnings to cover fixed charges |
$ | 35,718 | $ | (144,963 | ) | $ | (536,950 | ) | $ | (1,106,677 | ) | $ | (643,199 | ) | ||||||
Ratio of earnings to fixed charges (1) |
1.26 | 0.03 | (2.63 | ) | (6.81 | ) | (6.20 | ) |
(1) | The ratio of earnings to fixed charges is computed by dividing (i) income (loss) before income taxes and losses from equity interests, plus fixed charges by (ii) fixed charges. |