EX-12.1 7 dex121.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

CALCULATION OF RATIOS OF EARNINGS TO FIXED CHARGES

PAETEC Holding’s ratios of earnings to fixed charges were as follows:

 

     Year Ended December 31,  
     2005    2006    2007    2008     2009  
               (in thousands)             

Earnings:

              

Income (loss) before income taxes

    $ 28,598    $ 16,233    $ 18,565    $ (398,098 )    $ (30,043 ) 

Plus: Fixed Charges (see below)

      11,374      28,206      69,932      76,673        77,465   
                                     

Total Earnings

    $ 39,972    $ 44,439    $ 88,497    $ (321,425 )    $ 47,422   
                                     

Fixed Charges:

              

Interest expense, including amortization of debt issuance costs

    $ 10,472    $ 27,319    $ 68,373    $ 73,663      $ 74,149   

Portion of rental expense deemed to represent interest

      902      887      1,559      3,010        3,316   
                                     

Total Fixed Charges

    $ 11,374    $ 28,206    $ 69,932    $ 76,673      $ 77,465   
                                     

Ratio of earnings to fixed charges

      3.51      1.58      1.27      *        *   
                                     

Coverage deficiency

    $ —      $ —      $ —      $ (398,098 )    $ (30,043 ) 
                                     

 

* There were insufficient earnings available to cover fixed charges for the years ended December 31, 2008 and 2009. As a result, the ratio of earnings to fixed charges was less than 1.0 for each of such periods.