EX-12.1 3 w68417exv12w1.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,
    2004
   2003
            Restated
Income from continuing operations before income tax
   $ 52,146     $ 47,532  
Add:
                
Fixed charges
     16,687       23,580  
Amortization of capitalized interest
     1,718       1,488  
Less:
                
Interest capitalized
     611       1,445  
Equity in (losses) gains of unconsolidated affiliates
     —       —  
Losses attributable to minority interests
     —       —  
 
    
 		      
 		  
Earnings as adjusted
   $ 69,940     $ 71,155  
 
    
 		      
 		  
Fixed charges:
                
Interest expense on indebtedness (including amortization of debt expense and discount)
   $ 11,586     $ 18,284  
Interest capitalized
     611       1,445  
Portion of rent expense representative of interest (30%)
     4,490       3,851  
 
    
 		      
 		  
Fixed charges
   $ 16,687     $ 23,580  
 
    
 		      
 		  
Ratio of earnings to fixed charges
     4.19       3.02  
 
    
 		      
 		  
Deficiency of earnings to cover fixed charges
   $ —     $ —