EXHIBIT 12.1 CROWN CASTLE INTERNATIONAL CORP. COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (DOLLARS IN THOUSANDS) SIX MONTHS ENDED JUNE 30, -------------------- 1999 2000 ---- ---- Computation of Earnings: Income (loss) before income taxes, minority interests, extraordinary item and cumulative effect of change in accounting principle $(33,554) $(89,396) Add: Fixed charges (as computed below) 44,280 118,089 -------- -------- $ 10,726 $ 28,693 ======== ======== Computation of Fixed Charges and Combined Fixed Charges and Preferred Stock Dividends: Interest expense $ 23,863 $ 69,368 Amortization of deferred financing costs and discounts on long-term debt 13,979 39,121 Interest component of operating lease expense 6,438 9,600 -------- -------- Fixed charges 44,280 118,089 Preferred stock dividends 13,022 23,218 -------- -------- Combined fixed charges and preferred stock dividends $ 57,302 $141,307 ======== ======== Ratio of Earnings to Fixed Charges -- -- ======== ======== Deficiency of Earnings to Cover Fixed Charges $ 33,554 $ 89,396 ======== ======== Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends -- -- ======== ======== Deficiency of Earnings to Cover Combined Fixed Charges and Preferred Stock Dividends $ 46,576 $112,614 ======== ========