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) NINE MONTHS ENDED SEPTEMBER 30, -------------------- 2000 2001 ---- ---- Computation of Earnings: Income (loss) before income taxes, minority interests and extraordinary item $(142,286) $(252,446) Add: Fixed charges (as computed below) 188,387 241,946 --------- --------- $ 46,101 $ (10,500) ========= ========= Computation of Fixed Charges and Combined Fixed Charges and Preferred Stock Dividends: Interest expense $ 114,182 $ 150,836 Amortization of deferred financing costs and discounts on long-term debt 59,805 68,085 Interest component of operating lease expense 14,400 23,025 --------- --------- Fixed charges 188,387 241,946 Preferred stock dividends 39,571 58,770 --------- --------- Combined fixed charges and preferred stock dividends $ 227,958 $ 300,716 ========= ========= Ratio of Earnings to Fixed Charges -- -- ========= ========= Deficiency of Earnings to Cover Fixed Charges $ 142,286 $ 252,446 ========= ========= Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends -- -- ========= ========= Deficiency of Earnings to Cover Combined Fixed Charges and Preferred Stock Dividends $ 181,857 $ 311,216 ========= =========