Exhibit 12.1
Calculation of Ratio of Earnings to
Fixed Charges
(dollars in millions)
| Pro forma(1) | ||||||||||||||||||||||||||||||||
| Nine months September 30, | Year ended Dec 31, | Nine months September 30, | Year ended December 31, | |||||||||||||||||||||||||||||
| 2010 | 2009 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||||||||
Pre-tax income from continuing operations before adjustment for noncontrolling interests/minority interests in consolidated subsidiaries or income or loss from equity investees plus fixed charges* | $ | 228.1 | $ | 292.5 | $ | 228.1 | $ | 292.5 | $ | 323.7 | $ | 291.8 | $ | 324.0 | $ | 170.4 | ||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||||||
Interest expensed and capitalized | 162.6 | 193.1 | 132.0 | 132.9 | 142.8 | 158.5 | 163.1 | 185.0 | ||||||||||||||||||||||||
Appropriate portion of rentals | 3.4 | 6.4 | 3.4 | 6.4 | 6.9 | 7.0 | 7.6 | 7.1 | ||||||||||||||||||||||||
Total fixed charges | 166.0 | 199.5 | 135.4 | 139.3 | 149.7 | 165.5 | 170.7 | 192.1 | ||||||||||||||||||||||||
Ratio of earnings to fixed charges | 1.4 | 1.5 | 1.7 | 2.1 | 2.2 | 1.8 | 1.9 | — | ||||||||||||||||||||||||
Coverage deficiency** | n/a | n/a | n/a | n/a | n/a | n/a | n/a | $ | 21.7 | |||||||||||||||||||||||
| * | Earnings used in computing the ratio of earnings to fixed charges consists of income from continuing operations before income taxes, adjustment for noncontrolling interests/minority interests, income/loss from equity method investees, and fixed charges except for capitalized interest. |
| ** | For the period in which a coverage deficiency is presented, earnings were inadequate to cover fixed charges by the amount of the deficiency. |
| (1) | Reflects the offering of the $500 million aggregate principal amount of 8 3/8% Senior Notes due 2020 and application of the proceeds therefrom as set forth under “Use of Proceeds” in the prospectus supplement dated as of October 7, 2010 and the offering of the proposed additional $275 million aggregate principal amount of 8 3/8% Senior Notes due 2020 and application of the proceeds therefrom as if each had occurred at the beginning of the periods presented. The results of Cyrus Networks, LLC prior to its June 11, 2010 acquisition are not reflected in these ratios. |