EXHIBIT 12.1 WORLDCOM, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN MILLIONS) <Table> <Caption> For the Six Months Year Ended December 31, Ended June 30, -------------------------------------------------- ------------------ 1996 1997 1998 1999 2000 2000 2001 ------- ------- -------- ------- ------- ------- -------- EARNINGS: Pretax income (loss) from continuing operations $(2,272) $ 578 $ (1,590) $ 7,164 $ 7,568 $ 4,577 $ 1,151 Fixed charges, net of capitalized interest 315 500 774 1,098 1,120 537 742 ------- ------- -------- ------- ------- ------- ------- Earnings $(1,957) $ 1,078 $ (816) $ 8,262 $ 8,688 $ 5,114 $ 1,893 ======= ======= ======== ======= ======= ======= ======= FIXED CHARGES: Interest cost $ 308 $ 538 $ 928 $ 1,287 $ 1,480 $ 675 $ 890 Amortization of financing costs 4 2 12 18 26 10 18 Interest factor of rent expense 19 47 78 132 149 84 90 ------- ------- -------- ------- ------- ------- ------- Fixed charges $ 331 $ 587 $ 1,018 $ 1,437 $ 1,655 $ 769 $ 998 ======= ======= ======== ======= ======= ======= ======= Deficiency of earnings to fixed charges $(2,288) $ -- $ (1,834) $ -- $ -- $ -- $ -- Ratio of earnings to fixed charges (1) -- 1.84:1 -- 5.75:1 5.25:1 6.65:1 1.90:1 ======= ======= ======== ======= ======= ======= ======= </Table> - ---------- (1) For the purpose of computing the ratio of earnings to fixed charges, earnings consist of pre-tax income (loss) from continuing operations, excluding minority interests in gains/losses of consolidated subsidiaries, and fixed charges consist of pre-tax interest (including capitalized interest) on all indebtedness, amortization of debt discount and expense, and that portion of rental expense that we believe to be representative of interest.