Exhibit 12.1
Ratio/Deficiency of Earnings to Fixed Charges
| Year ended December 31, | ||||||||||||||||||||
| 2001 | 2002 | 2003 | 2004 | 2005 | ||||||||||||||||
| (dollars in thousands) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Loss from continuing operations | $ | (139,996 | ) | $ | (202,032 | ) | $ | (173,076 | ) | $ | (143,313 | ) | $ | (92,544 | ) | |||||
Plus: fixed charges, less preferred dividends | 87,333 | 96,703 | 104,728 | 86,076 | 80,413 | |||||||||||||||
Total Earnings | (52,663 | ) | (105,329 | ) | (68,278 | ) | (57,237 | ) | (12,131 | ) | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense – cash | 47,713 | 54,822 | 81,501 | 47,460 | 40,511 | |||||||||||||||
Capitalized Interest | 3,475 | 1,672 | 70 | 14 | 85 | |||||||||||||||
Interest expense – non cash | 25,843 | 29,038 | 9,277 | 28,082 | 26,234 | |||||||||||||||
Amortization of debt issue costs | 3,887 | 4,480 | 5,115 | 3,445 | 2,850 | |||||||||||||||
Interest component of operating leases | 6,415 | 6,691 | 8,835 | 7,075 | 10,733 | |||||||||||||||
Total fixed charges | 87,333 | 96,703 | 104,798 | 86,076 | 80,413 | |||||||||||||||
Total deficiency | $ | 133,996 | $ | 202,032 | $ | 173,076 | $ | 143,313 | $ | 92,544 | ||||||||||
