EX-12.1 3 a2124128zex-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,
  Nine Months Ended September 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 ) $ (50,194 ) $ (76,394 )
Add: Fixed charges     18,293     16,297     13,726     2,470     662     14,762     13,624  
Less: Capitalized interest         (1,230 )           (203 )        
   
 
 
 
 
 
 
 
Earnings   $ (89,175 ) $ (234,941 ) $ (83,677 ) $ (35,978 ) $ (17,897 )   (35,432 ) $ (62,770 )
Interest expense   $ 16,613   $ 13,431   $ 12,138   $ 2,075   $ 270   $ 13,083   $ 12,424  
Amortization of debt issuance costs     1,268     1,366     1,254     131         1,421     951  
Capitalized interest         1,230             203          
Estimated interest portion of rental expense     412     270     334     264     189     258     249  
   
 
 
 
 
 
 
 
Fixed charges   $ 18,293   $ 16,297   $ 13,726   $ 2,470   $ 662   $ 14,762   $ 13,624  
Deficiency of earnings available to cover fixed charges   $ (107,468 ) $ (251,238 ) $ (97,403 ) $ (38,448 ) $ (18,559 ) $ (50,194 ) $ (76,394 )
   
 
 
 
 
 
 
 
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 issuance costs.





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