EX-12.0 3 y54595ex12-0.txt STATEMENT RE: COMPUTATION EXHIBIT 12.0 LORAL CYBERSTAR, INC. COMPUTATION OF DEFICIENCY OF EARNINGS TO COVER FIXED CHARGES (IN THOUSANDS) (UNAUDITED)
NINE MONTHS NINE MONTHS ENDED YEARS ENDED ENDED SEPTEMBER 30, DECEMBER 31, DECEMBER 31, -------------------- --------------------- ------------ 2001 2000 2000 1999 1998 -------- --------- --------- --------- ------------ Loss before income taxes........... $(91,570) $(114,039) $(136,288) $(124,532) $(81,002) Plus fixed charges: Interest expense................... 75,121 72,572 97,223 69,776 46,439 Interest component of rent expense(1)....................... 4,488 518 4,829 440 452 Less: capitalized interest......... -- -- -- (20,955) (16,339) -------- --------- --------- --------- -------- Loss available to cover fixed charges.......................... $(11,961) $ (40,949) $ (34,236) $ (75,271) $(50,450) ======== ========= ========= ========= ======== Fixed charges...................... $(79,609) $ (73,090) $(102,052) $ (70,216) $(46,891) ======== ========= ========= ========= ======== Deficiency of earnings to cover fixed charges.................... $(91,570) $(114,039) $(136,288) $(145,487) $(97,341) ======== ========= ========= ========= ========
--------------- (1) The interest component of rent expense is deemed to be approximately 25% of total rent expense.