EXHIBIT 12
ECHOSTAR DBS CORPORATION AND SUBSIDIARIES AND AFFILIATES
COMPUTATION OF RATIOS
(IN THOUSANDS)
(UNAUDITED)
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES:
<Table>
<Caption>
Six Months
Year Ended December 31, Ended
--------------------------------------------------------------------- June 30,
1997 1998 1999 2000 2001 2002
--------- --------- --------- --------- --------- ------------
Income (loss) before
taxes and equity in
losses of equity
investees ................. $(323,278) $(294,304) $(562,285) $(607,540) $ 32,497 $ 81,476
Amortization of
capitalized interest ...... 8,901 9,654 10,708 10,708 10,708 5,972
--------- --------- --------- --------- --------- ---------
Income from
continuing
operations before
income taxes and
capitalized interest ...... $(314,377) $(284,650) $(551,577) $(596,832) $ 43,205 $ 87,448
Interest expense .......... 104,192 167,529 196,390 193,685 192,900 165,724
Capitalized interest ...... 43,169 21,678 -- -- -- 14,838
Interest component
of rent expense (1) ....... 64 74 192 230 351 210
--------- --------- --------- --------- --------- ---------
Total fixed charges ....... 147,425 189,281 196,582 193,915 193,251 180,772
Earnings before
fixed charges ............. $(210,121) $(117,047) $(354,995) $(402,917) $ 236,456 $ 253,382
Ratio of earnings to
fixed changes ............. -- -- -- -- 1.22 1.40
========= ========= ========= ========= ========= =========
Deficiency of
available earnings to
fixed charges ............. $(357,546) $(306,328) $(551,577) $(596,832) $ -- $ --
========= ========= ========= ========= ========= =========
</Table>
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(1) The interest component of rent expense has been estimated by taking the
difference between the gross rent expense and net present value of rent expense
using a weighted-average cost of capital of approximately 13% for the years
ended December 31, 1997 and 1998. The weighted-average cost of capital for the
years ended December 31, 1999 through December 31, 2001 and for the six months
ended June 30, 2002 has been approximated at 9%. The cost of capital used to
calculate the interest component of rent expense is representative of our
outstanding secured borrowings during each respective period.