EX-12.1 3 w82314exv12w1.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
    March 31,
    2011   2010
     
Income from continuing operations before income tax
   $ 204,159     $ 103,103  
 
                
Add:
                
Fixed charges
     105,190       103,690  
Amortization of capitalized interest
     2,589       2,589  
 
                
Less:
                
Interest capitalized
     5,180       2,238  
Equity in (losses) gains of unconsolidated affiliates
     —       —  
Losses attributable to minority interests
     —       —  
     
Earnings as adjusted
   $ 306,758     $ 207,144  
     
 
                
Fixed charges:
                
Interest expense on indebtedness (including amortization of debt expense and discount)
   $ 81,159     $ 85,726  
Interest capitalized
     5,180       2,238  
Portion of rent expense representative of interest (30%)
     18,851       15,726  
     
Fixed charges
   $ 105,190     $ 103,690  
     
 
                
Ratio of earnings to fixed charges
     2.92       2.00  
     
 
                
Deficiency of earnings to cover fixed charges
   $ —     $ —