Exhibit 12.1
Mediacom Broadband LLC
Schedule of Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends
Schedule of Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends
For the Years ended December 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income (loss) before income taxes | $ | 49,832 | $ | 94,840 | $ | 20,663 | $ | 5,274 | $ | (15,238 | ) | |||||||||
Interest expense, net | 112,106 | 112,474 | 113,846 | 120,673 | 109,869 | |||||||||||||||
Amortization of capitalized interest | 1,429 | 1,986 | 1,148 | 1,114 | 962 | |||||||||||||||
Amortization of debt issuance costs | 3,992 | 3,560 | 1,856 | 1,989 | 2,622 | |||||||||||||||
Interest component of rent expense(1) | 3,065 | 2,878 | 2,859 | 2,904 | 2,803 | |||||||||||||||
Earnings available for fixed charges and preferred dividends | $ | 170,424 | $ | 215,738 | $ | 140,372 | $ | 131,954 | $ | 101,018 | ||||||||||
Fixed charges and preferred dividends: | ||||||||||||||||||||
Interest expense, net | $ | 112,106 | $ | 112,474 | $ | 113,846 | $ | 120,673 | $ | 109,869 | ||||||||||
Capitalized interest | 2,136 | 1,808 | 2,069 | 2,045 | 1,675 | |||||||||||||||
Amortization of debt issuance cost | 3,992 | 3,560 | 1,856 | 1,989 | 2,622 | |||||||||||||||
Interest component of rent expense(1) | 3,065 | 2,878 | 2,859 | 2,904 | 2,803 | |||||||||||||||
Preferred dividends | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | |||||||||||||||
Total fixed charges and preferred dividends | $ | 139,299 | $ | 138,720 | $ | 138,630 | $ | 145,611 | $ | 134,969 | ||||||||||
Raito of earnings over fixed charges and preferred dividends | 1.22 | 1.56 | 1.01 | — | — | |||||||||||||||
Deficiency of earnings over fixed charges and preferred dividends | $ | — | $ | — | $ | — | $ | (13,657 | ) | $ | (33,951 | ) | ||||||||
(1) | A reasonable approximation (one-third) is deemed to be the interest factor included in rental expense. |