EX-12.1 3 a2036115zex-12_1.txt EXHIBIT 12.1 Exhibit 12.1 HISPANIC BROADCASTING CORPORATION AND SUBSIDIARIES STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands except ratio)
Three Months Year Ended December 31, Ended Year Ended ----------------------------------------- December 31, September 30, 2000 1999 1998 1997 1996 1996 -------- -------- -------- -------- ----------- ------------ EARNINGS: Income (loss) from continuing operations before income taxes $ 68,591 $ 57,989 $ 44,624 $ 31,389 $ 2,164 $(29,092) Fixed charges 2,481 3,054 3,292 4,863 2,965 11,793 -------- -------- -------- -------- -------- -------- Earnings as adjusted (A) $ 71,072 $ 61,043 $ 47,916 $ 36,252 $ 5,129 $(17,299) ======== ======== ======== ======== ======== ======== FIXED CHARGES: Interest expense $ 819 $ 1,607 $ 2,046 $ 3,947 $ 2,867 $ 11,241 Interest portion of rental expense (1) 1,662 1,447 1,246 916 98 552 -------- -------- -------- -------- -------- -------- Total fixed charges (B) $ 2,481 $ 3,054 $ 3,292 $ 4,863 $ 2,965 $ 11,793 ======== ======== ======== ======== ======== ======== Ratio of earnings to fixed charges (A) divided by (B) 28.6 20.0 14.6 7.5 1.7 - Deficiency of earnings to cover fixed charges (B) minus (A) $ - $ - $ - $ - $ - $ 29,092
(1) Management of the Company believes one-third of rent expense is representative of the interest component of rent expense.