Exhibit 12.1
COAXIAL COMMUNICATIONS OF CENTRAL OHIO, INC.
RATIOS OF EARNINGS TO FIXED CHARGES
SIX MONTHS ENDED
JUNE 30, YEAR ENDED DECEMBER 31,
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1998 1997 1997 1996 1995 1994 1993
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Pre-tax income (loss) from continuing operations $ 5,332 $ 6,977 $ 12,583 $17,461 $ 17,095 $ 16,488 $ 14,350
Total fixed charges 2,539 2,869 5,731 5,780 5,428 2,909 2,133
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Earnings $ 7,871 $ 9,846 $ 18,314 $23,241 $ 22,523 $ 19,397 $ 16,483
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Fixed Charges:
Interest $ 2,123 $ 2,538 $ 5,047 $ 5,159 $ 4,803 $ 2,562 $ 1,988
Amortization of loan acquisition costs 349 267 549 507 508 223 24
Interest Element of Rental Expense 67 64 135 114 117 124 121
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Total of Fixed Charges $ 2,539 $ 2,869 $ 5,731 $ 5,780 $ 5,428 $ 2,909 $ 2,133
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Ratio of Earnings to Fixed Charges 3.10 3.43 3.19 4.02 4.14 6.66 7.72
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PHOENIX ASSOCIATES
RATIOS OF EARNINGS TO FIXED CHARGES
SIX MONTHS ENDED
JUNE 30, YEAR ENDED DECEMBER 31,
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1998 1997 1997 1996 1995 1994 1993
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Pre-tax income (loss) from continuing operations $(6,558) $(5,867) $ (8,868) $(12,596) $ (12,481) $ (7,247) $ (7,050)
Total fixed charges 6,961 6,754 13,882 14,526 14,386 9,061 8,590
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Earnings $ 403 $ 887 $ 5,014 $ 1,930 $ 1,905 $ 1,814 $ 1,540
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Fixed Charges:
Interest $ 6,961 $ 6,754 $ 13,882 $ 14,526 $ 14,386 $ 8,872 $ 8,415
Amortization of loan acquisition costs - - - - - 189 175
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Total of Fixed Charges $ 6,961 $ 6,754 $ 13,882 $ 14,526 $ 14,386 $ 9,061 $ 8,590
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Coverage Deficiency in Earnings to cover Fixed $(6,558) $ (5,867) $ (8,868) $(12,596)$ (12,481) $ (7,247) $ (7,050)
Charges ======= ======= ======== ======== ======== ======== ========
COMBINED PRO FORMA RATIO OF EARNINGS TO FIXED CHARGES
SIX MONTHS YEAR
ENDED ENDED
JUNE 30 DECEMBER 31
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1998 1997
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Historical fixed charges $ 9,500 $ 19,613
Interest on debt to be sold 9,259 18,520
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18,759 38,133
Interest on debt to be retired 9,414 19,422
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Pro forma fixed charges $ 9,345 $ 18,711
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Pro forma Ratio of Earnings to Fixed Charges N/A 1.14
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Coverage Deficiency in Earnings to cover Fixed Charges $ (1,671) $ -
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