Exhibit 12.1
OPTEL, Inc.
DEFICIENCY OF EARNINGS TO FIXED CHARGES
Period from
April 20, 1993
(Date of Eight Month
Inception) to Year Ended Period Ended Year Ended
December 31, December 31, August 31, August 31,
1993 1994 1995 1996
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Loss before income taxes 307 7,944 10,630 18,430
Plus: fixed charges before capitalized interest (3) (114) (1,473) (6,402)
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Total loss 304 7,830 9,157 12,028
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Fixed charges
Financial expenses (per financial statements) 3 76 1,268 5,999
Interest factor of rental expense - 38 205 403
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Total fixed charges before capitalized interest 3 114 1,473 6,402
Capitalized interest - - - 1,850
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Total fixed charges 3 114 1,473 8,252
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Deficiency of earnings to fixed charges 307 7,944 10,630 20,280
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Operating lease expense per financial statements - 113 616 1,208
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Six Month Six Month
Period Ended Period Ended
February 29, February 28,
1996 1997
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Loss before income taxes 7,242 16,292
Plus: fixed charges before capitalized interest (2,314) (8,803)
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Total loss 4,928 7,489
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Fixed charges
Financial expenses (per financial statements) 2,211 8,602
Interest factor of rental expense 103 201
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Total fixed charges before capitalized interest 2,314 8,803
Capitalized interest 634 984
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Total fixed charges 2,948 9,787
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Deficiency of earnings to fixed charges 7,876 17,276
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Operating lease expense per financial statements 308 604
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OPTEL, Inc.
DEFICIENCY OF EARNINGS TO FIXED CHARGES
PROFORMA
Six Month
Year Ended Period Ended
August 31, February 28,
1996 1997
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Loss before income taxes 18,430 16,292
Less: high yield interest (13%) 29,250 14,625
Plus: fixed charges before capitalized interest (35,652) (23,428)
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Total loss 12,028 7,489
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Fixed charges
Financial expenses (per financial statements) 5,999 8,602
High yield interest (13%) 29,250 14,625
Interest factor of rental expense 403 201
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Total fixed charges before capitalized interest 35,652 23,428
Capitalized interest 1,850 984
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Total fixed charges 37,502 24,412
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Deficiency of earnings to fixed charges 49,530 31,901
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Operating lease expense per financial statements 1,208 604
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