EX-12.1 3 dex121.htm COMPUTATION OF RATIOS OF EARNINGS Computation of Ratios of Earnings

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,

  
     2003
     2004
  
     (As restated)  

Computation of Earnings:

                 

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

    $ (306,791 )   $ (222,776 )

Add:

                 

Fixed charges (as computed below)

      220,363       197,521  
    
 
     $ (86,428 )   $ (25,255 )
    
 

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

                 

Interest expense

    $ 135,204     $ 158,193  

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

      54,724       7,978  

Interest component of operating lease expense

      30,435       31,350  
    
 

Fixed charges

      220,363       197,521  

Preferred stock dividends

      45,900       28,864  
    
 

Combined fixed charges and preferred stock dividends

    $ 266,263     $ 226,385  
    
 

Ratio of Earnings to Fixed Charges

      —         —    
    
 

Deficiency of Earnings to Cover Fixed Charges

    $ 306,791     $ 222,776  
    
 

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

      —         —    
    
 

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

    $ 352,691     $ 251,640