|
|
|
|
|
|
|
|
|
|
Previous: WILLIAMS COMMUNICATIONS GROUP INC, 10-Q, EX-10.60.2, 2000-08-10 |
Next: WILLIAMS COMMUNICATIONS GROUP INC, 10-Q, EX-27.1, 2000-08-10 |
<PAGE> 1
EXHIBIT 12
WILLIAMS COMMUNICATIONS GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
SIX MONTHS ENDED JUNE 30,
------------------------------
2000 1999
------------ ------------
(IN THOUSANDS)
<S> <C> <C>
Earnings:
Income (loss) before income taxes and cumulative
effect of change in accounting principle $ 4,182 $ (153,931)
Add:
Interest expense -- net 95,905 20,235
Rental expense representative of interest factor 72,973 32,408
Minority interest loss of consolidated subsidiaries (25,327) (11,272)
Equity losses 7,155 18,682
------------ ------------
Total earnings (loss) as adjusted plus fixed
charges $ 154,888 $ (93,878)
============ ============
Combined fixed charges:
Interest expense -- net $ 95,905 $ 20,235
Capitalized interest 64,741 8,798
Rental expense representative of interest factor 72,973 32,408
------------ ------------
Total fixed charges $ 233,619 $ 61,441
============ ============
Ratio of earnings to fixed charges (a) (a)
============ ============
</TABLE>
----------
(a) Earnings were inadequate to cover fixed charges by $78,731,000 and
$155,319,000 for the six months ended June 30, 2000 and 1999, respectively.
|
|