EX-12.1 59 dex121.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

CALCULATION OF RATIOS OF EARNINGS TO FIXED CHARGES

PAETEC Holding’s ratios of earnings to fixed charges were as follows:

 

     Year Ended December 31,     Three Months Ended
March  31,
 
     2006      2007      2008     2009     2010     2011  

Earnings:

           

Income (loss) before income taxes

   $ 16,233       $ 18,565       $ (398,098   $ (30,043   $ (58,745   $ (11,280

Plus: Fixed Charges (see below)

     28,206         69,932         76,673        77,465        99,787        35,546   
                                                  

Total Earnings

   $ 44,439       $ 88,497       $ (321,425   $ 47,422      $ 41,042      $ 24,266   
                                                  

Fixed Charges:

           

Interest expense, including amortization of debt issuance costs, debt discounts, and debt premiums

     27,319         68,373         73,663        74,149        96,339        34,464   

Portion of rental expense deemed to represent interest

     887         1,559         3,010        3,316        3,448        1,082   
                                                  

Total Fixed Charges

     28,206         69,932         76,673        77,465        99,787        35,546   

Ratio of earnings to fixed charges

     1.58         1.27         *        *        *        *   
                                                  

Coverage deficiency

   $ —         $ —         $ (398,098   $ (30,043   $ (58,745   $ (11,280
                                                  

 

* There were insufficient earnings available to cover fixed charges for the years ended December 31, 2008, 2009 and 2010 and for the three months ended March 31, 2011. As a result, the ratio of earnings to fixed charges was less than 1.0 for each of such periods.