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)
NINE MONTHS
ENDED SEPTEMBER 30,
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1999 2000
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Computation of Earnings:
Income (loss) before income taxes, minority
interests, extraordinary item and cumulative
effect of change in accounting principle $ (59,935) $(142,286)
Add:
Fixed charges (as computed below) 83,319 188,387
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$ 23,384 $ 46,101
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Computation of Fixed Charges and Combined Fixed
Charges and Preferred Stock Dividends:
Interest expense $ 41,110 $ 114,182
Amortization of deferred financing
costs and discounts on long-term debt 31,238 59,805
Interest component of operating lease
expense 10,971 14,400
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Fixed charges 83,319 188,387
Preferred stock dividends 19,846 39,571
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Combined fixed charges and preferred
stock dividends $ 103,165 $ 227,958
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Ratio of Earnings to Fixed Charges -- --
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Deficiency of Earnings to Cover Fixed Charges $ 59,935 $ 142,286
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Ratio of Earnings to Combined Fixed
Charges and Preferred Stock Dividends -- --
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Deficiency of Earnings to Cover Combined
Fixed Charges and Preferred Stock Dividends $ 79,781 $ 181,857
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