Exhibit 12.1
CC HOLDINGS GS V LLC
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND
EARNINGS TO COMBINED FIXED CHARGES
(DOLLARS IN THOUSANDS)
| 3 Months Ended March 31, | Years Ended December 31, | |||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||
Computation of earnings: | ||||||||||||||||||||||||
Income (loss) before income taxes | $ | 11,753 | $ | 16,681 | $ | 29,190 | ($ | 2,202 | ) | ($ | 142,458 | ) | ($ | 45,944 | ) | |||||||||
Add: | ||||||||||||||||||||||||
Fixed charges (as computed below) | 30,268 | 149,766 | 144,194 | 142,256 | 138,465 | 131,257 | ||||||||||||||||||
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| $ | 42,021 | $ | 166,447 | $ | 173,384 | $ | 140,054 | ($ | 3,993 | ) | $ | 85,313 | ||||||||||||
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Computation of fixed charges and combined fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 13,170 | $ | 91,881 | $ | 93,000 | $ | 93,000 | $ | 91,773 | $ | 88,590 | ||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 5,463 | 12,317 | 5,955 | 5,498 | 3,608 | 743 | ||||||||||||||||||
Interest component of operating lease expense | 11,635 | 45,568 | 45,239 | 43,758 | 43,084 | 41,924 | ||||||||||||||||||
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Fixed charges | 30,268 | 149,766 | 144,194 | 142,256 | 138,465 | 131,257 | ||||||||||||||||||
Ratio of earnings to fixed charges | 1.4 | 1.1 | 1.2 | — | — | — | ||||||||||||||||||
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(Deficiency) excess of earnings to cover fixed charges | $ | 11,753 | $ | 16,681 | $ | 29,190 | ($ | 2,202 | ) | ($ | 142,458 | ) | ($ | 45,944 | ) | |||||||||
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