EXHIBIT 12
FALCON HOLDING GROUP, L.P.
COMPUTATION OF DEFICIENCY OF EARNINGS TO FIXED CHARGES
Year Ended December 31,
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New Falcon
Pro Forma Pro Forma
1997 1997
1993 1994 1995 1996 1997 (Unaudited) (Unaudited)
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(in thousands of dollars)
Loss from
continuing operations
before extraordinary item $ (31,448) $ (33,513) $ (25,235) $ (49,985) $ (60,838) $ (75,106) $ (130,849)
Equity in net income of
investee partnerships - - (19) (145) (443) (447) (447)
Income tax benefit - - - (1,122) (2,021) (2,021) (2,021)
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(31,448) (33,513) (25,254) (51,252) (63,302) (77,574) (133,317)
Add:
Interest on indebtedness 49,122 49,859 58,326 72,641 81,326 88,083 122,114
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Income before fixed charges 17,674 16,346 33,072 21,389 18,024 10,509 (11,203)
Fixed charges:
Interest on indebtedness 49,122 49,859 58,326 72,641 81,326 88,083 122,114
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Deficiency of
earnings available
to cover fixed charges $ (31,448) $ (33,513) $ (25,254) $ (51,252) $ (63,302) $ (77,574) $ (133,317)
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Three Months Ended March 31,
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New Falcon
Pro Forma Pro Forma
1997 1998 1998 1998
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
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(in thousands of dollars)
Loss from
continuing operations
before extraordinary item $ (15,335) $ (18,909) $ (21,262) $ (37,501)
Equity in net income of
investee partnerships (39) (45) (45) (45)
Income tax benefit (566) (365) (365) (365)
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(15,940) (19,319) (21,672) (37,911)
Add:
Interest on indebtedness 20,384 20,487 21,408 30,433
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Income before fixed charges 4,444 1,168 (264) (7,478)
Fixed charges:
Interest on indebtedness 20,384 20,487 21,408 30,433
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Deficiency of
earnings available
to cover fixed charges $ (15,940) $ (19,319) $ (21,672) $ (37,911)
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