EX-12.1 5 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

MONITRONICS INTERNATIONAL, INC.

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(DOLLARS IN THOUSANDS)

 

     Fiscal Year Ended

           
    

June 30, 1999

Restated


  

June 30, 2000

Restated


  

June 30, 2001

Restated


  

June 30, 2002

Restated


  

June 30, 2003

Restated


  

Three Months

Ended

September 30, 2002

Restated


  

Three Months
Ended

September 30, 2003


 

Fixed Charges as Defined:

                                    

Deferred Finance Charges

   301    423    524    1,205    1,777    444    420  

Interest Expense

   11,192    21,325    27,160    19,183    20,838    5,262    6,638  

Rent

   67    100    176    209    220    55    45  
    
  
  
  
  
  
  

Total Fixed Charges (A)

   11,560    21,848    27,860    20,597    22,835    5,761    7,103  

Earnings as Defined:

                                    

Pretax Income

   4,452    3,441    2,392    7,911    8,580    1,799    (6,769 )

Add Fixed Charges

   11,560    21,848    27,860    20,597    22,835    5,761    7,103  
    
  
  
  
  
  
  

Earnings and Fixed Charges (B)

   16,012    25,289    30,252    28,508    31,415    7,560    334  

Ratio of earnings to fixed charges
(B/A)

   1.39    1.16    1.09    1.38    1.38    1.31       

Insufficient to cover fixed charges 
(B-A)   

                                 (6,769 )

 

MONITRONICS INTERNATIONAL, INC.

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

INCLUDING DIVIDENDS PAYALBE

(DOLLARS IN THOUSANDS)

 

     Fiscal Year Ended

             
    

June 30, 1999

Restated


  

June 30, 2000

Restated


   

June 30, 2001

Restated


   

June 30, 2002

Restated


   

June 30, 2003

Restated


   

Three Months

Ended

September 30, 2002

Restated


   

Three Months
Ended

September 30, 2003


 

Fixed Charges as Defined:

                                         

Deferred Finance Charges

   301    423     524     1,205     1,777     444     420  

Interest Expense

   11,192    21,325     27,160     19,183     20,838     5,262     6,638  

Dividends Payable

   2,252    4,671     7,345     24,314     30,472     7,140     7,764  

Amort of accretion

   31    102     114     193     214     54     54  

Rent

   67    100     176     209     220     55     45  
    
  

 

 

 

 

 

Total Fixed Charges (A)

   13,843    26,621     35,319     45,104     53,521     12,955     14,921  

Earnings as Defined:

                                         

Pretax Income

   4,452    3,441     2,392     7,911     8,580     1,799     (6,769 )

Add Fixed Charges—less dividends payable

   11,560    21,848     27,860     20,597     22,835     5,761     7,103  
    
  

 

 

 

 

 

Earnings and Fixed Charges (B)

   16,012    25,289     30,252     28,508     31,415     7,560     334  

Total Fixed Charges

   13,843    26,621     35,319     45,104     53,521     12,955     14,921  

Ratio of earnings to fixed Charges
(B/A)

   1.16                                     

Insufficent to cover fixed charges
(B-A)

        (1,332 )   (5,067 )   (16,596 )   (22,106 )   (5,395 )   (14,587 )

 

1