EX-12.1 4 dex121.htm COMPUTATION OF RATIOS 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,


 
     2002

    2003

 

Computation of Earnings:

                

Income (loss) before income taxes, minority interests and cumulative effect of change accounting principle

   $ (235,522 )   $ (234,734 )

Add:

                

Fixed charges (as computed below)

     254,862       252,019  
    


 


     $ 19,340     $ 17,285  
    


 


Computation of Fixed Charges and Combined Fixed Charges and Preferred Stock Dividends:

                

Interest expense

   $ 155,975     $ 160,195  

Amortization of deferred financing costs, discounts on long-term debt and dividends on preferred stock

     74,859       55,807  

Interest component of operating lease expense

     24,028       36,017  
    


 


Fixed charges

     254,862       252,019  

Preferred stock dividends

     11,034       43,948  
    


 


Combined fixed charges and preferred stock dividends

   $ 265,896     $ 295,967  
    


 


Ratio of Earnings to Fixed Charges

     —         —    
    


 


Deficiency of Earnings to Cover Fixed Charges

   $ 235,522     $ 234,734  
    


 


Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

     —         —    
    


 


Deficiency of Earnings to Cover Combined Fixed Charges and Preferred Stock Dividends

   $ 246,556     $ 278,682