EX-12.1 10 b47275lmexv12w1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
THREE MONTHS ENDED MARCH 31, YEARS ENDED DECEMBER 31, ------------------ ------------------------------ 2002 2003 1998 1999 2000 2001 2002 ------- ------- ------- -------- -------- -------- -------- EARNINGS Net loss (13,331) (17,766) (11,890) (43,119) (91,930) (97,566) (24,958) ADD: income tax benefit (7,473) (10,083) (191) (9,349) (35,879) (38,870) (12,434) fixed charges 34,324 31,849 73,354 110,958 182,827 154,604 137,493 ------- ------- ------- -------- -------- -------- -------- Earnings (loss) as adjusted (a) 13,520 4,000 61,273 58,490 55,018 18,168 100,101 ------- ------- ------- -------- -------- -------- -------- FIXED CHARGES Interest expense 23,003 19,986 60,008 89,619 147,607 113,026 92,178 Rents under leases representative of an interest factor (1/3) 11,321 11,863 12,981 21,065 35,220 41,578 45,315 Preferred dividends 0 0 365 274 0 0 0 ------- ------- ------- -------- -------- -------- -------- Total fixed charges combined with preferred dividends (b) 34,324 31,849 73,354 110,958 182,827 154,604 137,493 ------- ------- ------- -------- -------- -------- -------- RATIO OF EARNINGS TO FIXED CHARGES (A) DIVIDED BY (B) 0.39 0.13 0.84 0.53 0.30 0.12 0.73 ------- ------- ------- -------- -------- -------- --------