EX-12.1 4 a2233793zex-12_1.htm EX-12.1

Exhibit 12.1

 

Zayo Group Holdings, Inc.

 

Ratio of Earnings to Fixed Charges

 

(dollars in million)

 

 

 

Three months
ended
September 30,

 

For the Year ended June 30,

 

 

 

2017

 

2017

 

2016

 

2015

 

2014

 

2013

 

Calculation of Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

Income/(loss) from operations before income taxes

 

$

28.6

 

$

104.1

 

$

(67.7

)

$

(164.1

)

$

(144.3

)

$

(169.8

)

Fixed Charges

 

78.3

 

258.2

 

232.9

 

225.8

 

214.8

 

213.4

 

Earnings Before Income Taxes and Fixed Charges

 

$

106.9

 

$

362.3

 

$

165.2

 

$

61.7

 

$

70.5

 

$

43.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculation of Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense, net of capitalized interest

 

73.6

 

241.5

 

220.1

 

214.0

 

203.5

 

202.5

 

Interest Factor in Rental Expense (1)

 

4.7

 

16.7

 

12.8

 

11.8

 

11.3

 

10.9

 

Total Fixed Charges

 

$

78.3

 

$

258.2

 

$

232.9

 

$

225.8

 

$

214.8

 

$

213.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

1.37

 

1.40

 

—

 

—

 

—

 

—

 

Deficiency

 

n/a

 

n/a

 

$

(67.7

)

$

(164.1

)

$

(144.3

)

$

(169.8

)

 

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