EXHIBIT 12.1 ALASKA COMMUNICATIONS SYSTEMS HOLDINGS, INC. RATIO OF EARNINGS TO FIXED CHARGES (AMOUNTS IN THOUSANDS) PRO FORMA PRO FORMA DECEMBER DECEMBER DECEMBER DECEMBER JUNE 30, DECEMBER JUNE 30, 31, 1999 31, 2000 31, 2001 31, 2002 2003 31, 2002 2003 -------- -------- -------- -------- -------- -------- --------- Earnings: Income from continuing operations $(20,395) $(24,736) $ (6,928) $(69,674) $ 87,472 $(76,682) $ 86,056 Add: Interest and debt expense 37,503 61,958 57,565 49,113 27,607 56,121 29,023 Portion of rents representative of the interest factor 107 421 380 318 318 318 159 Less: Undistributed earnings of less than 50% owned unconsolidated subsidiaries 198 303 (69) -- -- -- -- -------- -------- -------- -------- -------- -------- -------- Income as adjusted $ 17,413 $ 37,946 $ 50,948 $(20,243) $115,397 $(20,243) $115,238 ======== ======== ======== ======== ======== ======== ======== Fixed charges: Interest and debt expense per statements of income (including allocation of funds used during construction) $ 37,503 $ 61,958 $ 57,565 $ 49,113 $ 27,607 $ 56,121 $ 29,023 Add: Portion of rents representative of the interest factor 107 421 380 318 159 318 159 -------- -------- -------- -------- -------- -------- -------- Fixed charges $ 37,610 $ 62,379 $ 57,945 $ 49,431 $ 27,766 $ 56,439 $ 29,182 ======== ======== ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 0.5x 0.6x 0.9x -0.4x 4.2x -0.4x 3.9x Deficiency of earnings to fixed charges 20,197 24,433 6,997 69,674 76,682 The Company did not have registered debt or any operations prior to 1999.