EX-12.1 7 dex121.txt STATEMENTS OF EARNINGS TO FIXED CHARGES Exhibit 12.1
Young Broadcasting Inc. Ratio Calculation Actual Actual Actual Actual Actual Actual Actual 12/31/96 12/31/97 12/31/98 12/31/99 12/31/00 9/30/2000 9/30/2001 ------------------------------------------------------------------------------------- Fixed Charges Interest Expense 40,738,690 64,102,237 62,617,274 62,980,836 95,842,753 63,609,986 60,836,304 Amortization of Debt Issuance Costs 2,802,831 4,248,834 4,516,612 4,612,634 4,604,438 3,453,329 3,809,967 and Bond Premium Interest Portion of Rent Expense 643,200 643,200 532,800 1,123,200 1,356,600 842,400 1,147,725 ------------------------------------------------------------------------------------- Total Fixed Charges 44,184,721 68,994,271 67,666,686 68,716,670 101,803,791 67,905,715 65,793,996 ===================================================================================== Earnings (Loss) Income (Loss) from Operations 905,299 (1,106,268) 3,999,029 (21,542,075) 15,489,384 8,989,300 (36,998,035) Fixed Charges 44,184,721 68,994,271 67,666,686 68,716,670 101,803,791 67,905,715 65,793,996 ------------------------------------------------------------------------------------- 45,090,020 67,888,003 71,665,715 47,174,595 117,293,175 76,895,015 28,795,961 ===================================================================================== Ratio of Earnings to Fixed Charges 1.02 - 1.06 - 1.15 1.13 -- =====================================================================================
(1) For the years ended December 31, 1997 and 1999, our earning's were insufficient to cover fixed charges by approximately $1,106,268 and $21,542,075, respectively. For the nine months ended September 30, 2001, our earnings were insufficient to cover fixed charges by approximately $36,998,035. Fixed charges consist of interest expense, including capitalized interest, amortization of fees related to debt financing and rent expense deemed to be interest.