Exhibit 12.1
SBA Communications Corporation
Statement of Computation of Ratio of Earnings to Fixed Charges
Year Ended 12/31/05 | Year Ended 12/31/06 | Year Ended 12/31/07 | Year Ended 12/31/08 | Year Ended 12/31/09 | Quarter Ended 3/31/10 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Loss before provision for income taxes | $ | (92,544 | ) | $ | (132,931 | ) | $ | (90,605 | ) | $ | (66,127 | ) | $ | (140,627 | ) | $ | (37,302 | ) | ||||||
Plus: Fixed charges, less preferred dividends | 80,413 | 115,945 | 134,164 | 170,709 | 215,644 | 60,804 | ||||||||||||||||||
Plus: Current period amortization of interest capitalized in prior periods | 620 | 529 | 516 | 519 | 538 | 136 | ||||||||||||||||||
Less: Capitalized interest | (85 | ) | (383 | ) | (248 | ) | (223 | ) | (225 | ) | (108 | ) | ||||||||||||
Total Earnings | (11,596 | ) | (16,840 | ) | 43,827 | 104,878 | 75,330 | 23,530 | ||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | 40,511 | 81,283 | 92,498 | 104,253 | 130,853 | 37,118 | ||||||||||||||||||
Capitalized interest | 85 | 383 | 248 | 223 | 225 | 108 | ||||||||||||||||||
Non-cash interest expense | 26,234 | 6,845 | 13,966 | 34,385 | 49,897 | 14,867 | ||||||||||||||||||
Amortization of deferred financing fees | 2,850 | 11,584 | 8,162 | 10,746 | 10,456 | 2,492 | ||||||||||||||||||
Interest component of operating leases | 10,733 | 15,850 | 19,290 | 21,102 | 24,213 | 6,219 | ||||||||||||||||||
Total Fixed Charges | 80,413 | 115,945 | 134,164 | 170,709 | 215,644 | 60,804 | ||||||||||||||||||
Deficiency in Earnings to Fixed Charges | $ | 92,009 | $ | 132,785 | $ | 90,337 | $ | 65,831 | $ | 140,314 | $ | 37,274 | ||||||||||||