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)

    

THREE MONTHS

ENDED MARCH 31,

  
     2004
     2005
  

Computation of Earnings:

                 

Income (loss) from continuing operations before income taxes and minority interests

    $ (88,855 )   $ (128,393 )

Add:

                 

Fixed charges (as computed below)

      67,772       50,086  
    
 
     $ (21,083 )   $ (78,307 )
    
 

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

                 

Interest expense

    $ 54,362     $ 37,775  

Amortization of deferred financing costs and discounts on long-term debt

      2,960       1,494  

Interest component of operating lease expense

      10,450       10,817  
    
 

Fixed charges

      67,772       50,086  

Preferred stock dividends

      9,696       9,653  
    
 

Combined fixed charges and preferred stock dividends

    $ 77,468     $ 59,739  
    
 

Ratio of Earnings to Fixed Charges

      —         —    
    
 

Deficiency of Earnings to Cover Fixed Charges

    $ 88,855     $ 128,393  
    
 

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

      —         —    
    
 

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

    $ 98,551     $ 138,046