EX-12.1 3 d279361dex121.htm STATEMENT RE COMPUTATION OF RATIOS Statement re Computation of Ratios

Exhibit 12.1

Motricity, Inc.

The following table sets forth our ratio of earnings to combined fixed charges and preference security dividends for the years ended December 31, 2007, 2008, 2009, 2010 and 2011. As earnings are inadequate to cover fixed charges, we have provided the coverage deficiency amounts.

Statement of Computation of Ratio of Earnings To Combined Fixed Charges

and Preference Security Dividends

(in thousands, except ratios)

 

     Year Ended December 31,  
     2007     2008     2009     2010     2011  

Loss from continuing operations, before income tax

     (51,605     (75,052     (14,405     (4,925     (201,385

Fixed charges

     1,847        2,194        1,213        1,010        2,052   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total loss for computation of ratio

     (49,758     (72,858     (13,192     (3,915     (199,333

Fixed charges:

          

Interest expense

     1,354        493        220        111        644   

Interest attributable to rentals(a)

     493        1,701        993        899        1,408   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

     1,847        2,194        1,213        1,010        2,052   

Preferred dividend requirements:

          

Accretion of redeemable preferred stock

     7,399        21,729        23,261        12,093        —     

Preferred stock dividends

     696        698        695        1,200        —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total preferred dividend requirements

     8,095        22,427        23,956        13,293        —     

Total combined fixed charges preferred stock dividends

     9,942        24,621        25,169        14,303        2,052   

Ratio of earnings to combined fixed charges and preference security dividends(b)

     —          —          —          —          —     

 

(a) Interest attributable to rentals equals one-third of total rental expense.
(b) Due to our losses in years ended December 31, 2007, 2008, 2009, 2010 and 2011, the ratio coverage was less than 1:1. Additional earnings of $51,605, $75,052, $14,405, $4,925 and $201,385 would have been required in each of those periods, respectively, to achieve a coverage ratio of 1:1.