EX-12.1 3 j9984201exv12w1.txt COMPUTATION OF RATIO OF EARNING TO FIXED CHARGES Exhibit 12.1 BLOCK COMMUNICATIONS, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLAR AMOUNTS IN THOUSANDS) (UNAUDITED)
Year ended December 31 1998 1999 2000 2001 2002 --------------------------------------------------- Net income $7,820 $5,341 $12,781 $(17,857) $ 2,540 Provision (credit) for income taxes 6,240 4,556 9,176 (7,132) 2,728 Minority interest -- -- 427 (235) 477 --------------------------------------------------- Earnings before provision for income taxes and minority interest 14,060 9,897 22,384 (25,224) 5,745 Fixed charges: Interest expense 10,628 11,243 14,175 19,486 22,952 Interest capitalized -- 945 1,490 985 -- Amortization of debt issuance costs 335 273 272 267 1,221 One-third of rentals 1,334 1,091 1,176 1,355 1,333 --------------------------------------------------- 12,297 13,552 17,113 22,093 25,506 Less, interest capitalized, net of amortization -- 886 1,279 619 (428) --------------------------------------------------- Earnings before provision for income taxes and minority interest, plus fixed charges $26,357 $22,563 $38,219 $(3,750) $31,679 =================================================== Ratio of earnings to fixed charges (1) 2.14 1.66 2.23 - 1.24 ===================================================
(1) In 2001, our earnings were insufficient to cover fixed charges by $25.8 million.