EXHIBIT 12.1
HYPERION TELECOMMUNICATIONS, INC.
CALCULATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK
DIVIDENDS
(DOLLARS IN THOUSANDS)
PRO FORMA
PRO FORMA THREE THREE
YEAR MONTHS MONTHS
YEAR ENDED MARCH 31, ENDED ENDED ENDED
--------------------------------------------- MARCH 31, JUNE 30, JUNE 30,
1993 1994 1995 1996 1997 1997 1997 1997
------- ------- ------- -------- -------- --------- -------- ---------
Loss before Income
Taxes, Equity in Net
Loss of Joint Ventures
and Cumulative Effect
of Change in Accounting
Principle.............. $ (881) $(4,294) $(5,922) $ (9,525) $(23,065) $(53,690) $(10,726) $(18,382)
Add:
Equity in Net Loss of
Joint Ventures......... (194) (528) (1,799) (4,292) (7,223) (7,223) (2,540) (2,540)
Fixed Charges, Excluding
Capitalized Interest... -- 2,164 3,321 6,088 28,377 59,002 8,077 15,733
------- ------- ------- -------- -------- -------- -------- --------
Net Loss Available for
Combined Fixed Charges
and Preferred Stock
Dividends.............. (1,075) (2,658) (4,400) (7,729) (1,911) (1,911) (5,189) (5,189)
------- ------- ------- -------- -------- -------- -------- --------
Combined Fixed Charges
and Preferred Stock
Dividends:
Interest Expense...... -- 2,164 3,321 6,088 28,377 59,002 8,077 15,733
Preferred Stock
Dividends............ -- -- -- -- -- 27,000 -- 6,400
------- ------- ------- -------- -------- -------- -------- --------
Total Combined Fixed
Charges and Preferred
Stock Dividends........ -- 2,164 3,321 6,088 28,377 86,002 8,077 22,133
------- ------- ------- -------- -------- -------- -------- --------
Ratio of Earnings to
Combined Fixed Charges
and Preferred Stock
Dividends.............. -- -- -- -- -- -- -- --
Deficiency in Earnings
Required
to Cover Combined Fixed
Charges and Preferred
Stock Dividends........ $(1,075) $(4,822) $(7,721) $(13,817) $(30,288) $(87,913) $(13,266) $(27,322)
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