EX-12.1 6 a2118468zex-12_1.htm EXHIBIT 12.1
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EXHIBIT 12.1


Statement RE: Ratio of Earnings to Fixed Charges
(in thousands, except for ratios)

 
   Year Ended December 31,
   Six Months Ended June 30,
  
 
   2002
   2001
   2000
   1999
   1998
   2003
   2002
  
RATIO OF EARNINGS TO FIXED CHARGES                                            
Loss before income taxes and cumulative effect of accounting change   $ (107,468 ) $ (250,008 ) $ (97,403 ) $ (38,448 ) $ (18,356 ) $ (32,988 ) $ (49,873 )
Add: Fixed charges     18,293     16,297     13,726     2,470     662     9,506     9,015  
Less: Capitalized interest     —     (1,230 )   —     —     (203 )   —     —  
   
 
 
 
 
 
 
 
Earnings   $ (89,175 ) $ (234,941 ) $ (83,677 ) $ (35,978 ) $ (17,897 ) $ (23,482 ) $ (40,858 )

Interest expense
 
$
16,613
 
$
13,431
 
$
12,138
 
$
2,075
 
$
270
 
$
8,302
 
$
8,219
 
Amortization of debt issuance costs     1,268     1,366     1,254     131     —     1,028     633  
Capitalized interest     —     1,230     —     —     203     —     —  
Estimated interest portion of rental expense     412     270     334     264     189     176     163  
   
 
 
 
 
 
 
 
Fixed charges   $ 18,293   $ 16,297   $ 13,726   $ 2,470   $ 662   $ 9,506   $ 9,015  

Deficiency of earnings available to cover fixed charges
 
$
(107,468
)
$
(251,238
)
$
(97,403
)
$
(38,448
)
$
(18,559
)
$
(32,988
)
$
(49,873
)
   
 
 
 
 
 
 
 

Ratio of Earnings to Fixed Charges
 
 
N/A
 
 
N/A
 
 
N/A
 
 
N/A
 
 
N/A
 
 
N/A
 
 
N/A
 

For the purpose of calculating the ratio of earnings to fixed charges, earnings are defined as consolidated income (loss) from continuing operations before income taxes plus fixed charges. Fixed charges are the sum of interest of all indebtedness, estimated interest within rental expense and amortization of debt insurance costs.



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