EX-12.1 4 a2108542zex-12_1.htm EXHIBIT 12.1
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EXHIBIT 12.1


FAIRPOINT COMMUNICATIONS, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
  YEAR ENDED DECEMBER 31,
 
 
  1998
  1999
  2000
  2001
  2002
 
 
  (IN THOUSANDS)

 
Income (loss) from continuing operations before taxes and minority interest   $ (7,672 ) (15,939 ) (7,559 ) (22,916 ) (5,741 )
Income from equity investments     (931 ) (2,497 ) (4,852 ) (4,995 ) (7,903 )
Distribution from equity investments     118   2,590   3,156   5,057   9,048  
   
 
 
 
 
 
Income before fixed charges     (8,485 ) (15,846 ) (9,255 ) (22,854 ) (4,596 )
Plus: Fixed charges     27,656   51,092   60,027   81,744   80,349  
   
 
 
 
 
 
Earnings (as defined)   $ 19,171   35,246   50,772   58,890   75,753  
   
 
 
 
 
 
Interest expense   $ 27,170   50,464   59,556   81,053   79,796  
Rent expense (interest portion)     359   492   326   526   453  
Capitalized interest     127   136   145   165   100  
   
 
 
 
 
 
  Total fixed charges   $ 27,656   51,092   60,027   81,744   80,349  
   
 
 
 
 
 
"Earnings" divided by fixed charges     0.7   0.7   0.8   0.7   0.9  
   
 
 
 
 
 



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FAIRPOINT COMMUNICATIONS, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES