EX-12.1 2 y20478a3exv12w1.htm EX-12.1: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EX-12.1
 

Exhibit 12.1
CSC Holdings, Inc.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
DEFICIENCY OF EARNINGS AVAILABLE TO COVER FIXED CHARGES
                                                 
             
    Three Months Ended     Years Ended December 31,  
    March 31, 2006     2005     2004     2003     2002     2001  
        (dollars in thousands)
Earnings:
                                                
Income (loss) from continuing operations before income taxes and dividend requirements
   $ (56,280 )   $ (75,748 )   $ (579,359 )   $ (152,297 )   $ (385,591 )   $ 1,427,030  
Add:
                                                
Equity in net (income) loss of affiliates
     (1,403 )     (3,286 )     12,991       (429,732 )     42,014       68,206  
Minority Interests
     1,337       5,034       65,568       24,690       27,179       180,889  
Fixed charges per (B) below
     169,385       670,633       668,119       655,169       567,224       584,755  
Amortization of previously capitalized interest
     —       50       1,198       299       —       —  
Distributed income of equity investees
     —       2       433       478,987       9,668       20,924  
Deduct:
                                                
Interest capitalized during period
     —       —       —       (7,692 )     (7,378 )     (2,100 )
Preferred stock dividend requirements
     —       —       —       —       —       —  
 
                                    
Earnings for computation purposes (A)
   $ 113,039     $ 596,685     $ 168,950     $ 569,424     $ 253,116     $ 2,279,704  
 
                                    
Fixed Charges:
                                                
Interest on indebtedness, expensed or capitalized, including amortization of debt expense
   $ 161,048     $ 640,015     $ 636,274     $ 623,368     $ 526,636     $ 546,104  
Portion of rents representative of the interest factor (including discontinued operations)
     8,337       30,618       31,845       31,801       40,588       38,651  
 
                                    
Fixed charges for computation purposes (B)
   $ 169,385     $ 670,633     $ 668,119     $ 655,169     $ 567,224     $ 584,755  
 
                                    
Ratio of earnings to fixed charges (A)/(B)
     —       —       —       —       —       3.90  
 
                                    
Deficiency of earnings available to cover fixed charges
   $ (56,346 )   $ (73,948 )   $ (499,169 )   $ (85,745 )   $ (314,108 )   $ —