EXHIBIT 12.2
CELLULAR COMMUNICATIONS OF PUERTO RICO, INC. AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
THREE MONTHS ENDED
YEAR ENDED DECEMBER 31, MARCH 31,
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1996 1995 1994 1993 1992 1997 1996
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Fixed charges:
Interest............... $ 8,181,000 $ 8,501,000 $ 7,305,000 $ 6,249,000 $ 3,658,000 $3,984,000 $1,779,000
Amortization of debt
expense............... 610,000 619,000 280,000 279,000 99,000 151,000 152,000
Interest portion of
rental expense........ 1,028,000 764,000 570,000 416,000 300,000 285,000 222,000
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$ 9,819,000 $ 9,884,000 $ 8,155,000 $ 6,944,000 $ 4,057,000 $4,420,000 $2,153,000
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Earnings:
Income (loss) before
income tax............ $10,466,000 $ 2,556,000 $(4,484,000) $(18,575,000) $(14,850,000) $1,244,000 $3,015,000
Fixed charges per
above................. 9,819,000 9,884,000 8,155,000 6,944,000 4,057,000 4,420,000 2,153,000
Less: Capitalized
interest............ (198,000) (119,000) (80,000) (123,000) (99,000) (76,000) (25,000)
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$20,087,000 $12,321,000 $ 3,591,000 $(11,754,000) $(10,892,000) $5,588,000 $5,143,000
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Ratio of Earnings to
Fixed Charges.......... 2.0 1.2 0.4 -- -- 1.3 2.4