EX-12.1 3 a2136512zex-12_1.htm EXHIBIT 12.1
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EXHIBIT 12.1


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratio of earnings to fixed charges)

        The following table sets forth our ratio of earnings to fixed charges for the years ended December 31 1999, 2000, 2001, 2002, and 2003 and for the quarters ended March 31, 2003 and 2004. As earnings were inadequate to cover the combined fixed charges, we have provided the average deficiency amounts. Fixed charges are the sum of (i) interest costs; and (ii) the portion of operating lease rental expense that is representative of the interest factor of 17.5%.

 
  Year ended December 31,
  Quarter ended March 31,
 
 
  1999
  2000
  2001
  2002
  2003
  2003
  2004
 
Net loss   $ (30,899 ) $ (44,043 ) $ (71,972 ) $ (109,787 ) $ (122,808 ) $ (30,810 ) $ (37,273 )

Interest expense on indebtedness

 

 

5,678

 

 

6,052

 

 

6,081

 

 

6,011

 

 

5,975

 

 

1,543

 

 

1,259

 
Interest expense on portion of rent     168     193     403     350     779     127     337  
   
 
 
 
 
 
 
 
Earnings   $ (25,053 ) $ (37,798 ) $ (65,488 ) $ (103,426 ) $ (116,054 ) $ (29,140 )   (35,677 )
Interest expense on indebtedness     5,678     6,052     6,081     6,011     5,975     1,543     1,259  
Interest expense on portion of rent     168     193     403     350     779     127     337  
   
 
 
 
 
 
 
 
Total fixed charges   $ 5,846   $ 6,245   $ 6,484   $ 6,361   $ 6,754   $ 1,670   $ 1,596  

Ratio of earnings to fixed charges

 

 


 

 


 

 


 

 


 

 


 

 


 

 


 
   
 
 
 
 
 
 
 
Coverage deficiency   $ (30,899 ) $ (44,043 ) $ (71,972 ) $ (109,787 ) $ (122,808 ) $ (30,810 ) $ (37,273 )
   
 
 
 
 
 
 
 



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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands, except ratio of earnings to fixed charges)