EX-12.1 5 w64612exv12w1.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  
    June 30,  
    2008     2007  
Income from continuing operations before income tax
   $ 213,826     $ 126,169  
 
                
Add:
                
Fixed charges
     56,357       40,598  
Amortization of capitalized interest
     1,598       1,343  
 
                
Less:
                
Interest capitalized
     2,452       1,484  
Equity in (losses) gains of unconsolidated affiliates
     —       —  
Losses attributable to minority interests
     —       —  
 
            
Earnings as adjusted
   $ 269,329     $ 166,626  
 
            
 
                
Fixed charges:
                
Interest expense on indebtedness (including amortization of debt expense and discount)
   $ 40,238     $ 29,653  
Interest capitalized
     2,452       1,484  
Portion of rent expense representative of interest (30%)
     13,667       9,461  
 
            
Fixed charges
   $ 56,357     $ 40,598  
 
            
 
                
Ratio of earnings to fixed charges
     4.78       4.10  
 
            
 
                
Deficiency of earnings to cover fixed charges
   $ —     $ —