EX-12.1 3 dex121.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Computation of Ratios of Earnings to Fixed Charges

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,


 
     2004

    2005

 

Computation of Earnings:

                

Loss from continuing operations before income taxes and minority interests

   $ (153,782 )   $ (358,842 )

Add:

                

Fixed charges (as computed below)

     134,790       96,296  
    


 


     $ (18,992 )   $ (262,546 )
    


 


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

                

Interest expense

   $ 108,117     $ 72,292  

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

     5,773       2,370  

Interest component of operating lease expense

     20,900       21,634  
    


 


Fixed charges

     134,790       96,296  

Preferred stock dividends

     19,028       19,221  
    


 


Combined fixed charges and preferred stock dividends

   $ 153,818     $ 115,517  
    


 


Ratio of Earnings to Fixed Charges

     —         —    
    


 


Deficiency of Earnings to Cover Fixed Charges

   $ 153,782     $ 358,842  
    


 


Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

     —         —    
    


 


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

   $ 172,810     $ 378,063