Exhibit 12.1
COAXIAL LLC
RATIOS OF EARNINGS TO FIXED CHARGES
NINE MONTHS ENDED
SEPTEMBER 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 $ 2,726 $ 9,560 $ 12,583 $17,461 $ 17,095 $ 16,488 $ 14,350
Total fixed charges 4,156 4,343 5,731 5,780 5,428 2,909 2,133
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Earnings $ 6,882 $13,903 $ 18,314 $23,241 $ 22,523 $ 19,397 $ 16,483
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Fixed Charges:
Interest $ 3,553 $ 3,838 $ 5,047 $ 5,159 $ 4,803 $ 2,562 $ 1,988
Amortization of loan acquisition costs 502 409 549 507 508 223 24
Interest Element of Rental Expense 101 96 135 114 117 124 121
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Total of Fixed Charges $ 4,156 $ 4,343 $ 5,731 $ 5,780 $ 5,428 $ 2,909 $ 2,133
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Ratio of Earnings to Fixed Charges 1.65 3.20 3.19 4.02 4.14 6.66 7.72
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Exhibit 12.1
COAXIAL COMMUNICATIONS OF CENTRAL OHIO, INC.
RATIOS OF EARNINGS TO FIXED CHARGES
NINE MONTHS ENDED
SEPTEMBER 30, YEAR ENDED DECEMBER 31,
---------------- -------------------------------------------------
1998 1997 1997 1996 1995 1994 1993
---- ---- ---- ---- ---- ---- ----
Pre-tax income (loss) from continuing operations $ 3,036 $ 9,560 $ 12,583 $17,461 $ 17,095 $ 16,488 $ 14,350
Total fixed charges 3,703 4,343 5,731 5,780 5,428 2,909 2,133
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Earnings $ 6,739 $13,903 $ 18,314 $23,241 $ 22,523 $ 19,397 $ 16,483
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Fixed Charges:
Interest $ 3,114 $ 3,838 $ 5,047 $ 5,159 $ 4,803 $ 2,562 $ 1,988
Amortization of loan acquisition costs 488 409 549 507 508 223 24
Interest Element of Rental Expense 101 96 135 114 117 124 121
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Total of Fixed Charges $ 3,703 $ 4,343 $ 5,731 $ 5,780 $ 5,428 $ 2,909 $ 2,133
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Ratio of Earnings to Fixed Charges 1.81 3.20 3.19 4.02 4.14 6.66 7.72
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PHOENIX ASSOCIATES
RATIOS OF EARNINGS TO FIXED CHARGES
NINE MONTHS ENDED
SEPTEMBER 30, YEAR ENDED DECEMBER 31,
---------------- -------------------------------------------------
1998 1997 1997 1996 1995 1994 1993
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Pre-tax income (loss) from continuing operations $(9,667) $(8,982) $(12,183) $(12,596) $ (12,481) $ (7,247) $ (7,050)
Total fixed charges 10,246 10,323 13,882 14,526 14,386 9,061 8,590
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Earnings $ 579 $ 1,341 $ 1,699 $ 1,930 $ 1,905 $ 1,814 $ 1,540
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Fixed Charges:
Interest $10,194 $10,323 $ 13,882 $ 14,526 $ 14,386 $ 8,872 $ 8,415
Amortization of loan acquisition costs 52 - - - - 189 175
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Total of Fixed Charges $10,246 $10,323 $ 13,882 $ 14,526 $ 14,386 $ 9,061 $ 8,590
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Coverage Deficiency in Earnings to cover Fixed $(9,667) $ (8,982) $(12,183) $(12,596)$ (12,481) $ (7,247) $ (7,050)
Charges ======= ======= ======== ======== ======== ======== ========
Exhibit 12.1
COMBINED PRO FORMA RATIO OF EARNINGS TO FIXED CHARGES
NINE MONTHS YEAR
ENDED ENDED
SEPTEMBER 30, DECEMBER 31,
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1998 1997
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Pro forma pre-tax (loss) from continuing operations-
Coaxial LLC $ 4,818 $ 8,619
Pro forma pre-tax income (loss) from continuing
operations - Phoenix (8,313) (9,768)
Total pro forma fixed charges 14,025 18,637
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Earnings $10,530 $ 17,488
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Pro forma fixed Charges
Interest $13,437 $ 17,875
Amortization of loan acquisition costs 487 627
Interest Element of Rental Expense 101 135
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Total pro forma fixed charges $14,025 $ 18,637
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Pro forma Ratio of earnings to fixed charges N/A N/A
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Pro forma coverage deficiency in earnings to
cover fixed charges $(3,495) $ (1,149)