EX-12.1 2 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,  
     2007     2006     2005     2004     2003  

Net loss attributable to common shareholders

   (148,305 )   (135,819 )   (102,505 )   (252,298 )   (130,031 )

Add: fixed charges

   15,421     45,147     18,942     12,504     10,694  
                              

Earnings as defined

   (132,884 )   (90,672 )   (83,563 )   (239,794 )   (119,337 )
                              

Fixed charges:

          

Interest expensed and capitalized

   14,827     44,582     17,559     10,988     9,326  

Estimated interest component of rent

   594     565     1,383     1,516     1,368  
                              

Total fixed charges

   15,421     45,147     18,942     12,504     10,694  
                              

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 attributable to common shareholders for the period.