EX-12.1 5 a2162337zex-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,
  Six Months Ended
June 30,

 
 
  2000
  2001
  2002
  2003
  2004
  2004
  2005
 
 
  (Dollars in thousands, except ratios)

 
Income (loss) from continuing operations before taxes and minority interest   $ (9,581 ) $ (24,989 ) $ (8,174 ) $ (8,484 ) $ (23,835 ) $ (9,197 ) $ (74,773 )
Income from equity investments     (4,807 )   (4,930 )   (7,798 )   (10,092 )   (10,899 )   (5,054 )   (5,452 )
Distributions from equity investments     3,155     5,013     9,018     10,775     15,017     8,799     4,791  
   
 
 
 
 
 
 
 
Loss before fixed charges     (11,233 )   (24,906 )   (6,954 )   (7,801 )   (19,717 )   (5,452 )   (75,434 )
Plus: fixed charges, less capitalized interest     60,589     77,443     70,539     91,247     105,368     52,106     27,075  
   
 
 
 
 
 
 
 
Earnings (as defined)   $ 49,356   $ 52,537   $ 63,585   $ 83,446   $ 85,651   $ 46,654   $ (48,359 )
   
 
 
 
 
 
 
 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Interest expense   $ 59,556   $ 76,314   $ 69,520   $ 90,224   $ 104,315   $ 51,538   $ 26,558  
Rent expense (interest portion)     1,033     1,129     1,019     1,023     1,053     568     517  
Capitalized interest     145     165     100     83     112     37     4  
   
 
 
 
 
 
 
 
  Total fixed charges   $ 60,734   $ 77,608   $ 70,639   $ 91,330   $ 105,480   $ 52,143   $ 27,079  
   
 
 
 
 
 
 
 
Ratio of earnings to fixed charges                              
   
 
 
 
 
 
 
 

Computation of Ratio of Combined Fixed Charges and Preference Dividends to Earnings:

 
  Year Ended December 31,
  Six Months Ended
June 30,

 
 
  2000
  2001
  2002
  2003
  2004
  2004
  2005
 
 
  (Dollars in thousands, except ratios)

 
Income (loss) from continuing operations before taxes and minority interest   $ (9,581 ) $ (24,989 ) $ (8,174 ) $ (8,484 ) $ (23,835 ) $ (9,197 ) $ (74,773 )
Income from equity investments     (4,807 )   (4,930 )   (7,798 )   (10,092 )   (10,899 )   (5,054 )   (5,452 )
Distributions from equity investments     3,155     5,013     9,018     10,775     15,017     8,799     4,791  
   
 
 
 
 
 
 
 
Loss before fixed charges     (11,233 )   (24,906 )   (6,954 )   (7,801 )   (19,717 )   (5,452 )   (75,434 )
Plus: fixed charges and preference dividends, less capitalized interest     60,589     77,443     82,457     100,139     105,368     52,106     27,075  
   
 
 
 
 
 
 
 
Earnings (as defined)   $ 49,356   $ 52,537   $ 75,503   $ 92,338   $ 85,651   $ 46,654   $ (48,359 )
   
 
 
 
 
 
 
 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Interest expense   $ 59,556   $ 76,314   $ 69,520   $ 90,224   $ 104,315   $ 51,538   $ 26,558  
Preference security dividends             11,918     8,892              
Rent expense (interest portion)     1,033     1,129     1,019     1,023     1,053     568     517  
Capitalized interest     145     165     100     83     112     37     4  
   
 
 
 
 
 
 
 
  Total fixed charges and preference dividends   $ 60,734   $ 77,608   $ 82,557   $ 100,222   $ 105,480   $ 52,143   $ 27,079  
   
 
 
 
 
 
 
 
Ratio of combined fixed charges and preference dividends to earnings                              
   
 
 
 
 
 
 
 



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FairPoint Communications, Inc. and Subsidiaries