EX-12.1 3 dex121.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement Re: Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

     Year Ended December 31,

 
     2003

    2002

    2001

    2000

    1999

 

Net loss

   (130,031 )   (49,903 )   (80,273 )   (51,929 )   (36,280 )

Add: fixed charges

   10,706     12,335     6,467     729     711  
    

 

 

 

 

Earnings as defined

   (119,325 )   (37,568 )   (73,806 )   (51,200 )   (35,569 )
    

 

 

 

 

Fixed charges:

                              

Interest expensed and capitalized

   9,326     11,240     5,988     544     502  

Estimated interest component of rent

   1,380     1,095     479     185     209  
    

 

 

 

 

Total fixed charges

   10,706     12,335     6,467     729     711  
    

 

 

 

 

Ratio of earnings to fixed charges

   (1 )   (1 )   (1 )   (1 )   (1 )

(1)   Earnings (as defined) for the period were insufficient to cover fixed charges by an amount equal to the net loss for the period.