EX-12.1 3 d70132exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
DISH DBS Corporation
Ratio of Earnings to Fixed Charges

(In thousands)
                                                         
                                            For the Nine Months  
    For the Years Ended December 31,     Ended September 30,  
    2004     2005     2006     2007     2008     2008     2009  
                                            (Unaudited)  
Income (loss) before taxes
  $ 310,478     $ 1,029,339     $ 934,521     $ 1,344,570     $ 1,789,427     $ 1,357,087     $ 736,355  
 
                                                       
Interest expense (net of amounts capitalized)
    433,364       305,265       389,993       372,612       368,838       280,302       287,062  
Amortization of capitalized interest (estimate)
    11,052       11,052       11,771       12,188       5,338       4,150       3,718  
Interest component of rent expense (1)
    2,110       2,328       2,430       2,580       7,267       4,322       3,849  
 
                                         
Earnings before fixed charges
  $ 757,004     $ 1,347,984     $ 1,338,715     $ 1,731,950     $ 2,170,870     $ 1,645,861     $ 1,030,984  
 
                                         
 
                                                       
Interest expense (net of amounts capitalized)
  $ 433,364     $ 305,265     $ 389,993     $ 372,612     $ 368,838     $ 280,302     $ 287,062  
Capitalized interest
                12,079       7,434       5,607       5,607        
Interest component of rent expense (1)
    2,110       2,328       2,430       2,580       7,267       4,322       3,849  
 
                                         
Total fixed charges
  $ 435,474     $ 307,593     $ 404,502     $ 382,626     $ 381,712     $ 290,231     $ 290,911  
 
                                         
 
                                                       
Ratio of earnings to fixed charges
    1.74       4.38       3.31       4.53       5.69       5.67       3.54  
 
                                         
 
                                                       
Deficiency of available earnings to fixed charges
  $     $     $     $     $     $     $  
 
                                         
 
(1)   The interest component of rent expense has been estimated by taking the difference between our gross rent expense and the net present value of our rent expense using the weighted average cost of debt for our senior notes during each respective period. The rates applied are approximately 7% for the years ended December 31, 2004 through December 31, 2008 and for the nine months ended September 30, 2008 and 2009.

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