EX-12.1 4 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) SIX MONTHS ENDED JUNE 30, -------------------- 2000 2001 ---- ---- Computation of Earnings: Income (loss) before income taxes, minority interests and extraordinary item $(89,396) $(153,591) Add: Fixed charges (as computed below) 118,089 155,180 -------- --------- $ 28,693 $ 1,589 ======== ========= Computation of Fixed Charges and Combined Fixed Charges and Preferred Stock Dividends: Interest expense $ 69,368 $ 94,952 Amortization of deferred financing costs and discounts on long-term debt 39,121 44,878 Interest component of operating lease expense 9,600 15,350 -------- --------- Fixed charges 118,089 155,180 Preferred stock dividends 23,218 39,770 -------- --------- Combined fixed charges and preferred stock dividends $141,307 $ 194,950 ======== ========= Ratio of Earnings to Fixed Charges -- -- ======== ========= Deficiency of Earnings to Cover Fixed Charges $ 89,396 $ 153,591 ======== ========= Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends -- -- ======== ========= Deficiency of Earnings to Cover Combined Fixed Charges and Preferred Stock Dividends $112,614 $ 193,361 ======== =========