EX-12.1 3 y89507a1exv12w1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12.1 DOUBLECLICK INC. Statement of Computation of Ratio of Earnings to Fixed Charges
NINE MONTHS ENDED YEAR ENDED DECEMBER 31, SEPTEMBER 30, --------------------------------------------------------------- 2003 2002 2001 2000 1999 1998 ------------- --------- --------- --------- --------- --------- (IN THOUSANDS, EXCEPT RATIOS) EARNINGS (LOSS) FROM CONTINUING OPERATIONS: EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES, MINORITY INTEREST AND LOSSES FROM EQUITY INVESTEES $ 16,925 $(115,314) $(260,737) $(148,342) $ (46,451) $ (10,917) Adjustments: Fixed charges from continuing operations 7,458 14,862 18,758 18,452 12,905 1,260 --------- --------- --------- --------- --------- --------- Earnings available to cover fixed charges $ 24,383 $(100,452) $(241,979) $(129,890) $ (33,546) $ (9,657) ========= ========= ========= ========= ========= ========= Fixed charges: Interest expense, including amortization of deferred financing costs $ 5,079 $ 11,012 $ 13,557 $ 12,851 $ 10,068 $ 219 Interest component of rent expenses on operating leases 2,379 3,850 5,201 5,601 2,837 1,041 --------- --------- --------- --------- --------- --------- Total fixed charges from continuing operations $ 7,458 $ 14,862 $ 18,758 $ 18,452 $ 12,905 $ 1,260 ========= ========= ========= ========= ========= ========= Ratio of earnings (loss) to fixed charges 3.27 -- -- -- -- -- (a) (a) (a) (a) (a)
(a) Earnings available to cover fixed charges were inadequate for the years ended 2002, 2001, 2000, 1999 and 1998. Additional earnings of approximately $115.3 million, $260.7 million, $148.3 million, $46.5 million and $10.9 million for the years ended 2002, 2001, 2000, 1999 and 1998, respectively, would have been required to attain a ratio of 1:1. DOUBLECLICK INC. Statement of Computation of Pro Forma Ratio Earnings to Fixed Charges(a)
NINE MONTHS ENDED YEAR ENDED SEPTEMBER 30, DECEMBER 31, 2003 2002 ------------- ------------ (IN THOUSANDS, EXCEPT RATIOS) Earnings (loss) from continuing operations: Earnings (loss) from continuing operations before income taxes, minority interest and losses from equity investees $ 16,925 $(115,314) Adjustments: Fixed charges from continuing operations 4,359 6,338 --------- --------- Earnings available to cover fixed charges $ 21,284 $(108,976) ========= ========= Fixed charges: Estimated pro forma interest expense, including amortization of deferred financing costs $ 1,980 $ 2,488 Interest component of rent expenses on operating leases 2,379 3,850 --------- --------- Total pro forma fixed charges from continuing operations $ 4,359 $ 6,338 ========= ========= Pro forma ratio of earnings (loss) to fixed charges 4.88 -- (b)
(a) Pro forma to reflect the use of proceeds of the issuance of the zero coupon notes to redeem the $154.8 million of 4.75% convertible subordinated notes as if such redemption had occurred as of January 1, 2002 and 2003, respectively. (b) Earnings available to cover fixed charges were inadequate for the year ended December 31, 2002. Additional earnings of approximately $115.3 million for the year ended December 31, 2002 would have been required to attain a ratio of 1:1.