EX-12.1 3 ex12-1.txt STATEMENT REGARDING COMPUTATION OF DEIFICENCY 1 EXHIBIT 12.1 STATEMENT REGARDING COMPUTATION OF DEFICIENCY OF EARNINGS TO FIXED CHARGES AND DEFICIENCY OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS The Company's deficiency of earnings to fixed charges and deficiency of earnings to combined fixed and preferred stock dividends were computed as set forth below.
(In Thousands) ----------------------------------------------------------------- Six Months Six Months Ended Ended Year Ended December 31, June 30, June 30, -------------------------------- 2000 1999 1999 1998 1997 ----------------------------------------------------------------- Interest, including amounts capitalized $16,578 $ 2,814 $ 5,884 $ 3,939 $ 4,151 Amortization of debt discounts, premiums and capitalized costs 2,376 116 1,051 1,114 0 ----------------------------------------------------------------- Fixed charges $18,954 $ 2,930 $ 6,935 $ 5,053 $ 4,151 ================================================================= Net loss $50,651 $31,575 $ 66,292 $84,164 $59,328 ----------------------------------------------------------------- Deficiency of earnings to fixed charges $50,651 $31,575 $ 66,292 $84,164 $59,328 ----------------------------------------------------------------- Preferred stock dividends 24,557 0 37,905 0 0 Accretion on preferred stock 1,324 0 329 0 0 ----------------------------------------------------------------- Deficiency of earnings to combined fixed charges and preferred dividends $76,532 $31,575 $104,526 $84,164 $59,328 -----------------------------------------------------------------