EX-12.1 5 0005.txt RATIO OF EARNINGS Exhibit 12.1 Winstar Communications, Inc. Ratio of earnings to fixed charges (in thousands)
Ten months ended Year Ended Year Ended Year Ended December 31, December 31, December 31, December 31, Year Ended December 31, ------------ ------------- ------------- ------------ ------------ --------------- Pro 1995 1996 1997 1998 1999 Forma ---- ---- ---- ---- ---- ----- Net loss from continuing operations before income taxes $ (13,262) $ (79,746) $ (235,999) $(425,250) $ (642,277) $(764,976) Adjustments to Earnings: Fixed Charges, as Detailed Below 7,534 38,268 85,324 168,232 244,563 367,262 Interest Capitalized - (320) (4,200) (1,700) (23,497) (23,497) --------------------------------- Earnings as Adjusted $ (5,728) $ (41,798) $ (154,875) $(258,718) $ (421,211) $(421,211) ============ ============= =========== ========= ========== ========== FIXED CHARGES: -------------- Interest Expense $ 7,186 $ 36,748 $ 77,257 $156,599 $211,744 $ 334,443 Capitalized Interest - 320 4,200 1,700 23,497 23,497 Portion of Rental Expense which is Representative of Interest 348 1,200 3,867 9,933 9,322 9,322 ------------ -------------- ---------- ---------- ---------- ---------- Total Fixed Charges 7,534 38,268 85,324 168,232 244,563 367,262 DEFICIENCY IN EARNINGS TO COVER FIXED CHARGES (13,262) (80,066) (240,199) (426,950) (665,774) (788,473) 3 Months 3 Months 3 Months Ended Ended Ended March 31, 1999 March 31, 2000 March 31, 2000 Actual Actual Pro Forma ------------- ------------ --------------- Net loss from continuing operations before income taxes (153,912) (150,517) (165,872) Adjustments to Earnings: Fixed Charges, as Detailed Below 54,026 76,436 91,791 Interest Capitalized (425) (10,402) (10,402) --------------------------------- ------------- ------------ --------------- Earnings as Adjusted $ (100,311) $ (84,483) $ (84,483) ============= ============ =============== FIXED CHARGES: -------------- Interest Expense 50,563 62,775 78,130 Capitalized Interest 425 10,402 10,402 Portion of Rental Expense which is Representative of Interest 3,038 3,259 3,259 ------------- ------------ --------------- Total Fixed Charges 54,026 76,436 91,791 DEFICIENCY IN EARNINGS TO COVER FIXED CHARGES (154,337) (160,919) (176,274)