QuickLinks -- Click here to rapidly navigate through this document
NTL INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year ended December 31, | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2004 | 2003 | 2002(1) | 2001 | 2000 | ||||||||||||
| Reorganized Company | Reorganized Company | Predecessor Company | Predecessor Company | Predecessor Company | ||||||||||||
| (in millions) | ||||||||||||||||
Fixed charges: | |||||||||||||||||
Interest | $ | 496.6 | $ | 751.9 | $ | 857.9 | $ | 1,337.9 | $ | 1,015.2 | |||||||
Interest portion of rental expense | 27.3 | 24.4 | 43.4 | 21.4 | 11.7 | ||||||||||||
Fixed charges | $ | 523.9 | $ | 776.3 | $ | 901.3 | $ | 1,359.3 | $ | 1,026.9 | |||||||
Earnings: | |||||||||||||||||
(Loss) from continuing operations | $ | (890.1 | ) | $ | (988.1 | ) | $ | (2,483.6 | ) | $ | (11,789.8 | ) | $ | (2,523.2 | ) | ||
Fixed charges | 523.9 | 776.3 | 901.3 | 1,359.3 | 1,026.9 | ||||||||||||
Less: capitalized interest | — | (5.5 | ) | (46.3 | ) | (67.7 | ) | (95.1 | ) | ||||||||
$ | (366.2 | ) | $ | (217.3 | ) | $ | (1,628.6 | ) | $ | (10,498.2 | ) | $ | (1,591.4 | ) | |||
Ratio of Earnings to Fixed Charges (2) | |||||||||||||||||
Deficiency | (890.1 | ) | (993.6 | ) | (2,529.9 | ) | (11,857.5 | ) | (2,618.3 | ) |
The ratio of earnings to fixed charges and combined fixed charges and preferred stock dividends is not meaningful for the periods that result in a deficit.
- (1)
- In accordance with SOP 90-7, the Company discontinued accruing interest on certain of its debt. For the year ended December 31, 2002, contractual interest was $1,425.4 million, which was $645.2 million in excess of reported interest expense.
- (2)
- For the years ended December 31, 2004, 2003, 2002, 2001, and 2000, the deficit of earnings to fixed charges was $890.1 million, $993.6 million, $2,529.9 million, $11,857.5 million, and $2,618.3 million, respectively.
NTL INCORPORATED AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES