EX-12.1 2 w75887exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
NII HOLDINGS, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands)
                 
    Three Months Ended
    September 30,
    2009   2008
     
Income from continuing operations before income tax
   $ 174,856     $ 118,369  
 
                
Add:
                
Fixed charges
     76,888       70,774  
Amortization of capitalized interest
     2,208       1,772  
 
                
Less:
                
Interest capitalized
     3,810       2,838  
Equity in (losses) gains of unconsolidated affiliates
     —       —  
Losses attributable to minority interests
     —       —  
     
Earnings as adjusted
   $ 250,142     $ 188,077  
     
 
                
Fixed charges:
                
Interest expense on indebtedness (including amortization of debt expense and discount)
   $ 58,551     $ 53,219  
Interest capitalized
     3,810       2,838  
Portion of rent expense representative of interest (30%)
     14,527       14,717  
     
Fixed charges
   $ 76,888     $ 70,774  
     
 
                
Ratio of earnings to fixed charges
     3.25       2.66  
     
 
                
Deficiency of earnings to cover fixed charges
   $ —     $ —