Exhibit 12.1
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
Year Ended December 31, |
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2003 |
2002 |
2001 |
2000 |
1999 |
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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: |
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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. |