EX-12.1 19 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of earnings to fixed charges

EXHIBIT 12.1

 

Computation of Ratio of Earnings To Fixed Charges

 

   

Predecessor

     

Successor

     

Predecessor

   

Successor

  
   

Fiscal Year Ended December 31,

     

January 1, through August 30, 2002

     

August 31, through December 31, 2002

     

January 1, through March 31, 2002

   

January 1, through March 31, 2003

  
   

1998

  

1999

  

2000

    

2001

                

Earnings to Fixed Charges:

                                                        

Earnings

  

$

464,223

  

$

216,444

  

$

(465,017

)

  

$

(4,359,563

)

   

$

576,637

     

$

(761,456

)

   

$

177,611

   

$

(3,652,696

)

Fixed Charges:

                                                              

Interest expense

  

 

1,224,461

  

 

1,192,255

  

 

1,157,239

 

  

 

1,121,835

 

   

 

769,163

     

 

748,787

 

   

 

269,871

   

 

2,494,676

 

Capitalized interest

  

 

—  

  

 

—  

  

 

—  

 

  

 

—  

 

   

 

—  

     

 

93,305

 

   

 

—  

   

 

139,606

 

   
 
 
 
  
    
  
  

Total Fixed Charges

  

 

1,224,461

  

 

1,192,255

  

 

1,157,239

 

  

 

1,121,836

 

   

 

769,163

     

 

842,092

 

   

 

269,871

   

 

2,434,276

 

   
 
 
 
  
    
  
  

Earnings as adjusted

  

 

1,688,684

  

 

1,408,699

  

 

692,222

 

  

 

-3,237,728

 

   

 

1,345,800

     

 

80,636

 

   

 

447,482

   

 

-1,218,416

 

   
 
 
 
  
    
  
  

Ratio of earnings to fixed charges

  

 

1.4x

  

 

1.2x

  

 

0.6x

 

  

 

-2.9x

 

   

 

1.7x

     

 

0.1x

 

   

 

1.7x

   

 

-0.5x