EX-12.1 2 w56669exv12w1.htm EXHIBIT 12.1 exv12w1
 

EXHIBIT 12.1
                                                 
    Ratio of Earnings to Fixed Charges  
    (dollars in thousands, except ratio data)  
    Three        
    months        
    ended        
    March 31,     Year ended December 31,  
    2008     2007     2006     2005     2004     2003  
Fixed Charges:
                                                
Interest expense on indebtedness (including amortization of debt expense and discount)
   $ 9,851     $ 39,341     $ 29,492     $ 17,849     $ 22,868     $ 23,723  
 
                                                
Interest expense on portion of rent expense representative of interest
     5,004       20,211       19,899       14,614       9,089       7,604  
 
                                    
 
                                                
Total Fixed Charges
   $ 14,855     $ 59,552     $ 49,391     $ 32,463     $ 31,957     $ 31,327  
 
                                    
 
                                                
Earnings (Loss):
                                                
Net loss before provision for income taxes
   $ (46,916 )   $ (262,448 )   $ (251,173 )   $ (239,439 )   $ (242,898 )   $ (185,324 )
Fixed Charges per above
     14,855       59,552       49,391       32,463       31,957       31,327  
 
                                    
 
                                                
Total Earnings (Loss)
   $ (32,061 )   $ (202,896 )   $ (201,782 )   $ (206,976 )   $ (210,941 )   $ (153,997 )
 
                                    
 
                                                
Ratio of Earnings to Fixed Charges
     —       —       —       —       —       —  
 
Coverage deficiency (1)(2)(3)
   $ (46,916 )   $ (262,448 )   $ (251,173 )   $ (239,439 )   $ (242,898 )   $ (185,324 )
 
                                    
 
(1)   The Company’s Coverage deficiency for 2008 includes a gain on the sale of an equity investment of $32,518.
(2)  The Company’s Coverage deficiency for 2006 includes charges for lease termination and restructuring costs of $29,510 partially offset by a gain on the sale of an equity investment of $14,759.
(3)  The Company’s Coverage deficiency for 2004 includes net charges of $12,975, relating to a $15,408 charge for restructuring partially offset by a gain recognized on the extinguishment of debt of $2,433.