Exhibit 12.1
Consolidated Communications Holdings, Inc.
Statement of Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
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| Historical |
| Pro Forma |
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| Year Ended December 31, |
| Six Months |
| Year Ended |
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| 2010 |
| 2011 |
| 2012 |
| 2013 |
| 2014 |
| June 30, 2015 |
| 2014 |
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Earnings: |
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Income (loss) before income taxes, excluding income or loss from equity investments |
| $ | 21,988 |
| $ | 20,710 |
| $ | (10,965 | ) | $ | 26,674 |
| $ | 8,659 |
| $ | (23,153 | ) | $ | 40,396 |
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Plus: |
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Fixed charges |
| 52,142 |
| 50,365 |
| 74,229 |
| 87,808 |
| 84,858 |
| 42,705 |
| 85,129 |
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Distributed income from equity investments |
| 15,600 |
| 17,200 |
| 15,000 |
| 17,900 |
| 19,800 |
| 9,300 |
| 19,800 |
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Less: |
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Interest capitalized |
| 160 |
| 135 |
| 515 |
| 1,215 |
| 1,437 |
| 756 |
| 1,437 |
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Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges |
| 557 |
| 572 |
| 531 |
| 330 |
| 321 |
| 59 |
| 321 |
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TOTAL EARNINGS |
| $ | 89,012 |
| $ | 87,567 |
| $ | 77,218 |
| $ | 130,837 |
| $ | 111,559 |
| $ | 28,037 |
| $ | 143,567 |
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Fixed Charges: |
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All interest charges, whether expensed or capitalized |
| $ | 49,727 |
| $ | 48,261 |
| $ | 66,912 |
| $ | 84,840 |
| $ | 79,636 |
| $ | 40,091 |
| $ | 80,195 |
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Amortization of debt issue costs and discount or premium relating to indebtedness, whether expensed or capitalized |
| 1,293 |
| 1,411 |
| 6,360 |
| 2,209 |
| 4,364 |
| 1,822 |
| 3,275 |
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Interest portion of rental expense |
| 1,122 |
| 693 |
| 957 |
| 759 |
| 858 |
| 791 |
| 1,659 |
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TOTAL FIXED CHARGES |
| $ | 52,142 |
| $ | 50,365 |
| $ | 74,229 |
| $ | 87,808 |
| $ | 84,858 |
| $ | 42,705 |
| $ | 85,129 |
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RATIO OF EARNINGS TO FIXED CHARGES |
| 1.71 |
| 1.74 |
| 1.04 |
| 1.49 |
| 1.31 |
| 0.66 |
| 1.69 |
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