Exhibit 12
Mediacom Broadband LLC
Schedule of Ratio of Earnings to Fixed Charges
Inception | ||||||||||||||||
(April 5, 2001) | ||||||||||||||||
Year ended | through | |||||||||||||||
12/31/2004 | 12/31/2003 | 12/31/2002 | December 31, 2001 | |||||||||||||
(in thousands, except ratio amounts) | ||||||||||||||||
Earnings: | ||||||||||||||||
Net income (loss) before income taxes | 34,852 | 10,082 | (27,244 | ) | (50,586 | ) | ||||||||||
Interest expense, net | 86,125 | 82,536 | 76,790 | 41,430 | ||||||||||||
Amortization of capitalized interest | 695 | 503 | 114 | — | ||||||||||||
Amortization of debt issuance costs | 2,099 | 2,365 | 2,248 | 1,086 | ||||||||||||
Interest component of rent expense (a) | 2,137 | 2,086 | 1,687 | 1,076 | ||||||||||||
Earnings available for fixed charges | 125,908 | 97,572 | 53,595 | (6,994 | ) | |||||||||||
Fixed Charges: | ||||||||||||||||
Interest expense, net | 86,125 | 82,536 | 76,790 | 41,430 | ||||||||||||
Capitalized interest | 1,270 | 3,425 | 4,056 | 308 | ||||||||||||
Amortization of debt issuance costs | 2,099 | 2,365 | 2,248 | 1,086 | ||||||||||||
Interest component of rent expense (a) | 2,137 | 2,086 | 1,687 | 1,076 | ||||||||||||
Preferred dividends | 18,000 | 18,000 | 18,000 | 8,120 | ||||||||||||
Total fixed charges | 109,631 | 108,412 | 102,781 | 52,020 | ||||||||||||
Ratio of earnings to fixed charges | 1.15 | — | — | — | ||||||||||||
Deficiency of earnings over fixed charges | $ | — | $ | (10,840 | ) | $ | (49,186 | ) | $ | (59,014 | ) | |||||
(a) | One-third of rent expense is the portion deemed representative of the interest factor. |