EX-12.1 19 dex121.txt EXHIBIT 12.1 EXHIBIT 12.1 Radio One, Inc.and Subsidiaries Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends For the Years Ended December 31, 1996, 1997, 1998, 1999, 2000 and for the nine months ended September 30, 2000 and 2001
Nine Months ended Fiscal Year Ended December 31, September 30, ------------------------------------------------------- --------------------- 1996 1997 1998 1999 2000 2000 2001 -------- -------- -------- ------------------- --------------------- (Dollars in Thousands) (Dollars in thousands) Earnings: Net Income(loss) $ (3,609) $ (4,944) $ 841 $ 133 (4,251) 3,617 (39,876) Add: Provision (benefit) for income taxes - - (1,575) 2,728 804 13,368 (17,076) Extraordinary item - 1,985 - - - - 5,207 Fixed charges:(1) Interest expense, including amortization of deferred financing costs 7,252 8,910 11,455 15,279 32,407 16,217 46,411 Rent expense 259 270 296 497 1,259 944 1,496 -------- -------- -------- ------------------- --------------------- Total fixed charges 7,511 9,180 11,751 15,776 33,666 17,161 47,907 Total earnings $ 3,902 $ 6,221 $ 11,017 $ 18,637 $ 30,219 $ 34,146 $ (3,838) ======== ======== ======== =================== ==================== Fixed Charges (1) $ 7,511 $ 9,180 $ 11,751 $ 15,776 $ 33,666 $ 17,161 $ 47,907 ======== ======== ======== =================== ==================== Preferred stock dividends $ - $ 2,037 $ 3,716 $ 1,476 $ 9,236 $ - $ 15,105 ======== ======== ======== =================== ==================== Ratio of earnings to combined fixed charges and preferred stock dividends - - - 1.08 - 2.00 - ======== ======== ======== =================== ====================
(1) Fixed charges represent interest expense, including amortization of deferred financing costs and the component of rent expense believed by management to be representative of the interest factor (one-third of rent expense). Page 1