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Previous: NEXTEL INTERNATIONAL INC, S-4, EX-8.1, 2000-12-15 |
Next: NEXTEL INTERNATIONAL INC, S-4, EX-23.2, 2000-12-15 |
<PAGE> 1
EXHIBIT 12.1
NEXTEL INTERNATIONAL
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands)
<TABLE>
<CAPTION>
Year Ended December 31,
-------------------------------------------------------------
1995 1996 1997 1998 1999
-------- -------- -------- --------- ---------
<S> <C> <C> <C> <C> <C>
Loss from continuing operations before income tax benefit $(15,918) $(11,121) $(80,230) $(259,493) $(520,163)
Add:
Fixed charges 15 371 60,092 134,164 193,904
Less:
Interest capitalized -- -- 2,511 23,800 10,400
Less:
Equity in losses of unconsolidated affiliates (6,853) (5,991) (11,401) (12,193) (31,469)
Losses attributable to minority interests -- -- 2,085 17,131 19,314
-------- -------- -------- --------- ---------
Earnings as adjusted $ (9,050) $ (4,759) $(13,333) $(154,067) $(324,504)
======== ======== ======== ========= =========
Fixed charges:
Interest expense on indebtedness (including amortization of
debt expense and discount) -- $ 323 $ 56,583 $ 106,824 $ 179,604
Interest capitalized -- -- 2,511 23,800 10,400
Portion of rent expense representative of interest (30%) 15 48 998 3,540 3,900
-------- -------- -------- --------- ---------
Fixed charges $ 15 $ 371 $ 60,092 $ 134,164 $ 193,904
======== ======== ======== ========= =========
Ratio of earnings to fixed charges (603.33) (12.82) (0.22) (1.15) (1.67)
======== ======== ======== ========= =========
Deficiency of earnings to cover fixed charges $ 9,065 $ 5,130 $ 73,425 $ 288,231 $518,408
======== ======== ======== ========= =========
</TABLE>
<TABLE>
<CAPTION>
Nine Months Ended
September 30,
---------------------------
1999 2000
----------- ---------
<S> <C> <C>
Loss from continuing operations before income tax benefit $(397,503) $(379,770)
Add:
Fixed charges 136,560 193,022
Less:
Interest capitalized 6,015 11,249
Less:
Equity in losses of unconsolidated affiliates (20,819) (30,573)
Losses attributable to minority interests 16,561 6,504
----------- ---------
Earnings as adjusted $(262,700) $(173,928)
=========== =========
Fixed charges:
Interest expense on indebtedness (including amortization of
debt expense and discount) $ 127,676 $ 176,677
Interest capitalized 6,015 11,249
Portion of rent expense representative of interest (30%) 2,869 5,096
----------- ---------
Fixed charges $ 136,560 $ 193,022
=========== =========
Ratio of earnings to fixed charges (1.92) (0.90)
=========== =========
Deficiency of earnings to cover fixed charges $ 399,260 $ 366,950
=========== =========
</TABLE>
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