EX-12.1 4 dex121.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES Statement Re: Computation of Ratio of Earnings to Combined Fixed Charges

Exhibit 12.1

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND

PREFERRED STOCK DIVIDENDS

 

     Three
Months
Ended
March 31,
2010		     Year Ended December 31  
     2009     2008     2007     2006     2005  
     (in thousands)  

Net loss attributable to common shareholders

    (44,197 )    (116,763 )    (202,907 )    (148,305 )    (135,819 )    (102,505 ) 

Add: fixed charges and preferred stock dividends

    18,410      40,932      167,838      16,069      45,147      18,942   
                                    

Earnings as defined

    (25,787 )    (75,831 )    (35,069 )    (132,236 )    (90,672 )    (83,563 ) 
                                    

Fixed charges:

             

Interest expensed and capitalized

    1,002      16,939      145,332      14,827      44,582      17,559   

Preferred stock dividends

    17,277      23,484      21,811      648      —        —     

Estimated interest component of rent

    131      509      695      594      565      1,383   
                                    

Total fixed charges and preferred stock dividends

    18,410      40,932      167,838      16,069      45,147      18,942   
                                    

Ratio of earnings to combined fixed charges and preferred stock dividends

    (1)      (1)      (1)      (1)      (1)      (1)   

 

(1) Earnings (as defined) for the period were insufficient to cover fixed charges and preferred stock dividends by an amount equal to the net loss attributable to common shareholders for the period.