EXHIBIT 12
CROWN CASTLE INTERNATIONAL CORP.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
Historical
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Years Ended Six Months Ended
December 31, June 30,
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1995 1996 1997 1997 1998
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Computation of Earnings:
Income (loss) before income taxes and minority interests........... $ (21) $ (947) $(11,893) $(2,123) $(12,823)
Add:
Fixed charges (as computed below)................................ 1,214 1,912 9,825 1,270 10,467
Equity in losses (earnings) of unconsolidated affiliate.......... -- -- 1,138 221 (525)
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$ 1,193 $ 965 $ (930) $ (632) $ (2,881)
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Computation of Fixed Charges:
Interest expense................................................... $ 1,101 $ 1,748 $ 7,095 $ 1,129 $ 1,489
Amortization of deferred financing costs and discount on long-
term debt........................................................ 36 55 2,159 67 8,538
Interest component of operating lease expense...................... 77 109 571 74 440
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$ 1,214 $ 1,912 $ 9,825 $ 1,270 $ 10,467
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Ratio of Earnings to Fixed Charges.................................. -- -- -- -- --
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Fixed Charge Coverage Deficiency.................................... $ 21 $ 947 $10,755 $ 1,902 $ 13,348
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Pro Forma
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Year Ended Six Months
December 31, Ended June 30,
1997 1998
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Computation of Earnings:
Income (loss) before income taxes and minority interests........... $ (33,231) $ (20,404)
Add:
Fixed charges (as computed below)................................ 39,596 20,946
Equity in losses (earnings) of unconsolidated affiliate.......... -- --
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$ 6,365 542
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Computation of Fixed Charges:
Interest expense................................................... $ 17,545 $ 11,328
Amortization of deferred financing costs and discount on long-
term debt........................................................ 20,763 8,955
Interest component of operating lease expense...................... 1,288 663
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$ 39,596 $ 20,946
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Ratio of Earnings to Fixed Charges.................................. -- --
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Fixed Charge Coverage Deficiency.................................... $ 33,231 $ 20,404
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