Exhibit 12.1 Ratio of Earnings To Fixed Charges
Year Ended December 31, | |||||||||||||||||||||
2002 | 2001 | 2000 | 1999 | 1998 | |||||||||||||||||
(amounts in thousands) | |||||||||||||||||||||
Net loss | $ | (149,132 | ) | $ | (567,277 | ) | $ | (1,411,273 | ) | $ | (719,968 | ) | $ | (124,546 | ) | ||||||
Equity in losses of equity-method investees | 4,169 | 30,327 | 304,596 | 76,769 | 2,905 | ||||||||||||||||
Net loss before equity in losses of equity-method investees | (144,963 | ) | (536,950 | ) | (1,106,677 | ) | (643,199 | ) | (121,641 | ) | |||||||||||
Plus fixed charges: | |||||||||||||||||||||
Interest expense including amortization of debt issuance costs | 142,925 | 139,232 | 130,921 | 84,566 | 26,639 | ||||||||||||||||
Assumed interest element included in rent expense | 6,205 | 8,880 | 10,773 | 4,732 | 2,833 | ||||||||||||||||
149,130 | 148,112 | 141,694 | 89,298 | 29,472 | |||||||||||||||||
Adjusted earnings (loss) | 4,167 | (388,838 | ) | (964,983 | ) | (553,901 | ) | (92,169 | ) | ||||||||||||
Fixed charges | (149,130 | ) | (148,112 | ) | (141,694 | ) | (89,298 | ) | (29,472 | ) | |||||||||||
Deficiency in earnings to cover fixed charges | $ | (144,963 | ) | $ | (536,950 | ) | $ | (1,106,677 | ) | $ | (643,199 | ) | $ | (121,641 | ) | ||||||