1
EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
TELESITE SERVICES, LLC TELESITE AND
---------------------------- SPECTRASITE
(PREDECESSOR) SPECTRASITE COMBINED
---------------------------- -------------- -------------
Year ended January 1- April 25- Year ended
December 31, May 12, December 31, December 31,
1996 1997 1997 1997
---------------------------- -------------- -------------
(dollars in thousands)
Income (loss) before income
taxes $ 2,289 $ (503) $ (3,890) $ (4,393)
Equity in net loss of an
affiliate - - - -
Interest expense 67 36 164 200
Interest portion of rental
expense 36 19 77 96
----------- ------------- ------------- -------------
Earnings $ 2,392 $ (448) $ (3,649) $ (4,097)
=========== ============= ============= =============
Interest expense $ 67 $ 36 $ 164 $ 200
Capitalized interest - - - -
Interest portion of rental
expense 36 19 77 96
----------- ------------- ------------- -------------
Fixed Charges $ 103 $ 55 $ 241 $ 296
=========== ============= ============= =============
Ratio of earnings to fixed
charges 23.2x - - -
=========== ============= ============= =============
Earnings insufficient to
cover fixed charges - $ 503 $ 3,890 $ 4,393
=========== ============= ============= =============
SPECTRASITE SPECTRASITE SPECTRASITE SPECTRASITE
------------- ------------- ------------- ----------------
9 months 9 months
Year ended Year ended ended ended
December December September September
31, 1998 31, 1999 30, 1999 30, 2000
------------- ------------- ------------- ----------------
(dollars in thousands)
Income (loss) before income
taxes $ (9,079) $ (97,100) $ (66,516) $ (110,401)
Equity in net loss of an
affiliate - 408 - 300
Interest expense 8,170 67,513 47,519 97,535
Interest portion of rental
expense 196 5,967 3,483 9,300
------------- ------------- ------------- ---------------
Earnings $ (713) $ (23,212) $ (15,514) $ (3,266)
============= ============= ============= ===============
Interest expense $ 8,170 $ 67,513 $ 47,519 $ 97,535
Capitalized interest 100 1,100 670 189
Interest portion of rental
expense 196 5,967 3,483 9,300
------------- ------------- ------------- ----------------
Fixed Charges $ 8,466 $ 74,580 $ 51,672 $ 107,024
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Ratio of earnings to fixed
charges - - - -
============= ============= ============= ================
Earnings insufficient to
cover fixed charges $ 9,179 $ 97,792 $ 67,186 $ 110,290
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