EX-12.1 4 a2228278zex-12_1.htm EX-12.1

Exhibit 12.1

 

Zayo Group, LLC

 

Ratio of Earnings to Fixed Charges

 

(dollars in million)

 

 

 

For the Year ended June 30,

 

For the Six
Months ended
December 31,

 

 

 

2015

 

2014

 

2013

 

2012

 

2011

 

2015

 

Calculation of Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss)/Earnings Before Income Taxes

 

$

(163.8

)

$

(136.8

)

$

(163.7

)

$

23.7

 

$

7.6

 

$

(12.2

)

Fixed Charges

 

229.7

 

214.8

 

213.4

 

56.5

 

38.2

 

112.8

 

(Loss)/Earnings Before Income Taxes and Fixed Charges

 

$

65.9

 

$

78.0

 

$

49.7

 

$

80.2

 

$

45.8

 

$

100.6

 

Calculation of Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

 

214.0

 

203.5

 

202.5

 

50.7

 

33.4

 

105.0

 

Interest Factor in Rental Expense (1)

 

15.7

 

11.3

 

10.9

 

5.7

 

4.8

 

7.8

 

Total Fixed Charges

 

$

229.7

 

$

214.8

 

$

213.4

 

$

56.4

 

$

38.2

 

$

112.8

 

Ratio of Earnings to Fixed Charges

 

—

 

—

 

—

 

1.42

 

1.20

 

—

 

Deficiency

 

$

(163.8

)

$

(136.8

)

$

(163.7

)

n/a

 

n/a

 

(12.2

)

 

(1)           The portion of total rental expense that represents the interest factor is estimated to be 12.5%.