1
EXHIBIT 12.1
OPTEL, INC.
DEFICIENCY OF EARNINGS TO FIXED CHARGES
Period from
April 20, 1993
(Date of Eight Month
Inception) to Year Ended Period Ended Year Ended Year Ended
December 31, December 31, August 31, August 31, August 31,
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1993 1994 1995 1996 1997
---- ---- ---- ---- ----
Loss before income taxes $ (307) $ (7,944) $ (10,630) $ (18,430) $ (48,535)
Plus: fixed charges before capitalized interest 3 114 1,473 6,402 32,335
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Total loss $ (304) $ (7,830) $ (9,157) $ (12,028) $ (16,200)
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Fixed charges
Financial expenses (per financial statements) $ 3 $ 76 $ 1,268 $ 5,999 $ 31,414
Interest factor of rental expense of operating leases - 38 205 403 921
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Total fixed charges before capitalized interest 3 114 1,473 6,402 32,335
Capitalized interest - - - 1,850 2,256
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Total fixed charges $ 3 $ 114 $ 1,473 $ 8,252 $ 34,591
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Deficiency of earnings to fixed charges $ 307 $ 7,944 $ 10,630 $ 20,280 $ 50,791
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Operating lease expense per financial statements $ - $ 113 $ 616 $ 1,208 $ 2,763
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Nine Month Nine Month
Period Ended Period Ended
May 31, May 31,
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1997 1998
---- ----
Loss before income taxes $ (31,668) $ (48,232)
Plus: fixed charges before capitalized interest 17,638 36,843
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Total loss $ (14,030) $ (11,389)
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Fixed charges
Financial expenses (per financial statements) $ 16,980 $ 35,916
Interest factor of rental expense of operating leases 658 927
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Total fixed charges before capitalized interest 17,638 36,843
Capitalized interest 1,514 2,151
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Total fixed charges $ 19,152 $ 38,994
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$ 33,182 $ 50,383
Deficiency of earnings to fixed charges =============================
Operating lease expense per financial statements $ 1,973 $ 2,782
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