Dex Media West Finance Inactive S-4Registration of securities issued in business combination transactions

Filed: 15 Dec 04, 12:00am

Exhibit 12.1

DEX MEDIA WEST LLC

RATIO OF EARNINGS TO FIXED CHARGES


	Dex West Historical										Dex Media West LLC
	Year Ended December 31,								Period from January 1 to September 9, 2003		Period from September 10 to December 31, 2003			Period from September 10 to September 30, 2003			Unaudited Nine Months Ended September 30, 2004
(In thousands)	1999		2000		2001		2002		Period from January 1 to September 9, 2003		Period from September 10 to December 31, 2003			Period from September 10 to September 30, 2003			Unaudited Nine Months Ended September 30, 2004
Earnings (loss) before income taxes	$	217,017	$	280,006	$	329,990	$	365,551	$	243,193	$	(45,462	)	$	(17,577	)	$	(1,857	)
Interest expense		187,703		183,113		167,500		144,724		113,627		70,492			16,478			161,761
Interest expense on rentals^(a)		2,807		2,599		3,063		2,396		1,969		872			121			1,917

Earnings available for fixed charges	$	407,527	$	465,718	$	500,553	$	512,671	$	358,789	$	25,902		$	(978	)	$	161,821

Interest expense	$	187,703	$	183,113	$	167,500	$	144,724	$	113,627	$	70,492		$	16,478		$	161,761
Interest factor on rentals^(a)		2,807		2,599		3,063		2,396		1,969		872			121			1,917

Fixed charges	$	190,510	$	185,712	$	170,563	$	147,120	$	115,596	$	71,364		$	16,599			163,678

Ratio of earnings to fixed charges		2.1		2.5		2.9		3.5		3.1		—			—			—

The ratio of earnings to fixed charges is computed by dividing earnings by fixed charges. For this purpose, earnings include pre-tax income from continuing operations and fixed charges include interest, whether expensed or capitalized, and an estimate of interest within rental expense. For the period from September 10 to December 31, 2003, the period from September 10 to September 30, 2003, and the nine months ended September 30, 2004, earnings were inadequate to cover fixed charges. The deficiencies were $45.5 million, $17.6 million, and $1.9 million, respectively.

^(a)	The company uses one-third of rental expense as an estimation of the interest factor on its rental expense.

RATIO OF TOTAL DEBT TO OWNER’S EQUITY


(In thousands)	As of September 30, 2004
Total Debt	$	3,014,800
Owner’s Equity		1,062,144
Ratio of Total Debt to Owner’s Equity		2.8

The ratio of total debt to owner’s equity is computed by dividing total debt by owner’s equity.

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