EX-12.1 3 dex121.txt COMPUTATION OF RATIOS EXHIBIT 12.1 CROWN CASTLE INTERNATIONAL CORP. COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (DOLLARS IN THOUSANDS) THREE MONTHS ENDED MARCH 31, ------------------------- 2000 2001 ---------- ---------- Computation of Earnings: Income (loss) before income taxes, minority interests and extraordinary item $(30,508) $(68,639) Add: Fixed charges (as computed below) 46,557 74,330 -------- -------- $ 16,049 $ 5,691 ======== ======== Computation of Fixed Charges and Combined Fixed Charges and Preferred Stock Dividends: Interest expense $ 22,622 $ 44,494 Amortization of deferred financing costs and discounts on long-term debt 19,139 22,161 Interest component of operating lease expense 4,796 7,675 -------- -------- Fixed charges 46,557 74,330 Preferred stock dividends 11,493 19,505 -------- -------- Combined fixed charges and preferred stock dividends $ 58,050 $ 93,835 ======== ======== Ratio of Earnings to Fixed Charges -- -- ======== ======== Deficiency of Earnings to Cover Fixed Charges $ 30,508 $ 68,639 ======== ======== Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends -- -- ======== ======== Deficiency of Earnings to Cover Combined Fixed Charges and Preferred Stock Dividends $ 42,001 $ 88,144 ======== ========