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) THREE MONTHS ENDED MARCH 31, ------------------------- 2001 2002 --------- --------- Computation of Earnings: Income (loss) before income taxes and minority interests $(68,639) $(102,432) Add: Fixed charges (as computed below) 74,330 84,328 -------- --------- $ 5,691 $ (18,104) ======== ========= Computation of Fixed Charges and Combined Fixed Charges and Preferred Stock Dividends: Interest expense $ 44,494 $ 52,065 Amortization of deferred financing costs and discounts on long-term debt 22,161 24,254 Interest component of operating lease expense 7,675 8,009 -------- --------- Fixed charges 74,330 84,328 Preferred stock dividends 19,505 20,105 -------- --------- Combined fixed charges and preferred stock dividends $ 93,835 $ 104,433 ======== ========= Ratio of Earnings to Fixed Charges -- -- ======== ========= Deficiency of Earnings to Cover Fixed Charges $ 68,639 $ 102,432 ======== ========= Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends -- -- ======== ========= Deficiency of Earnings to Cover Combined Fixed Charges and Preferred Stock Dividends $ 88,144 $ 122,537 ======== =========