EX-12.1 5 a2114362zex-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,
  Three months ending,
March 31,

 
 
  1998
  1999
  2000
  2001
  2002
  2002
  2003
 
 
  (In Thousands)

 
Income (loss) from continuing operations before taxes and minority interest   (7,672 ) (15,939 ) (7,559 ) (22,916 ) (5,741 ) 5,712   1,432  
Income from equity investments   (931 ) (2,497 ) (4,852 ) (4,995 ) (7,903 ) (1,951 ) (2,371 )
Distributions from equity investments   118   2,590   3,156   5,057   9,048   2,862   2,435  
   
 
 
 
 
 
 
 
Income before fixed charges   (8,485 ) (15,846 ) (9,255 ) (22,854 ) (4,596 ) 6,623   1,496  
Plus: fixed charges   27,656   51,092   60,027   89,878   80,349   19,451   20,846  
   
 
 
 
 
 
 
 
Earnings (as defined)   19,171   35,246   50,772   67,024   75,753   26,074   22,342  
   
 
 
 
 
 
 
 
Interest expense   27,170   50,464   59,556   81,053   79,796   19,410   20,704  
Rent expense (interest portion)   359   492   326   526   453   11   110  
Capitalized interest   127   136   145   165   100   30   32  
   
 
 
 
 
 
 
 
Total fixed charges   27,656   51,092   60,027   81,744   80,349   19,451   20,846  
   
 
 
 
 
 
 
 
"Earnings" divided by fixed charges   0.69   0.69   0.85   0.82   0.94   1.34   1.07  
   
 
 
 
 
 
 
 



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