EX-12.1 8 a2050540zex-12_1.txt EXHIBIT 12.1 Exhibit 12.1 CITIZENS COMMUNICATIONS COMPANY Statement Showing Computation of Ratio of Earnings to Fixed Charges for the quarters ended March 31, 2001 and 2000 (DOLLARS IN THOUSANDS)
2000 2001 -------- -------- Pre-tax income before dividends on convertible preferred securities and discontinued operations $ 13,025 $ 29,215 Income or loss from equity investees (237) (319) Minority interest (6,285) -- -------- -------- Pre-tax income from continuing operations before adjustment for minority interest in consolidated subsidiaries or income or loss from equity investees 6,503 28,896 Fixed charges 42,413 65,698 Amortization of capitalized interest -- -- Distributed income of equity investees 300 850 Interest capitalized (2,033) (957) Preference security dividend requirements of consolidated subsidiaries (2,516) (2,516) Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges -- -- -------- -------- Total earnings 44,667 91,971 -------- -------- Ratio of earnings to fixed charges 1.05 1.40 ======== ========
CITIZENS COMMUNICATIONS COMPANY STATEMENT SHOWING COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS FOR THE QUARTERS ENDED MARCH 31, 2001 AND 2000 (DOLLARS IN THOUSANDS)
2000 2001 -------- -------- Pre-tax income before dividends on convertible preferred securities and discontinued operations $ 13,025 $ 29,215 Income or loss from equity investees (237) (319) Minority interest (6,285) -- -------- -------- Pre-tax income from continuing operations before adjustment for minority interest in consolidated subsidiaries or income or loss from equity investees 6,503 28,896 Fixed charges 44,928 68,214 Amortization of capitalized interest -- -- Distributed income of equity investees 300 850 Interest capitalized (2,033) (957) Preference security dividend requirements of consolidated subsidiaries (2,516) (2,516) Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges -- -- -------- -------- Total earnings 47,183 94,487 -------- -------- Ratio of earnings to combined fixed charges 1.05 1.39 ======== ========