Exhibit 12
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TIME WARNER TELECOM INC.
RATIO OF EARNINGS TO
FIXED CHARGES
(IN THOUSANDS)
Six Months Ended
YEARS ENDED DECEMBER 31, June 30
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HISTORICAL PRO FORMA(b) HISTORICAL PRO FORMA(b)
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1995 1996 1997 1998 1999 1999 2000 2000
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
EARNINGS (LOSS):
Net income(loss) before income taxes... $(51,105) $(86,116) $(70,656) $(92,739) $(59,461) $(233,890) $ 12,559 $(88,200)
Interest expense....................... 25 55 1,544 29,198 45,264 153,127 20,614 74,306
Portion of rents representative of an
interest factor...................... 1,050 1,374 1,793 2,322 3,223 5,256 2,349 3,707
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Total earnings (loss).................... (50,030) (84,687) (67,319) (61,219) (10,974) (75,507) 35,522 (10,187)
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FIXED CHARGES:
Interest expense....................... 25 55 1,544 29,198 45,264 153,127 20,614 74,306
Capitalized interest................... -- -- -- 88 253 30,810 656 9,001
Portion of rents representative of an
interest factor...................... 1,050 1,374 1,793 2,322 3,223 5,256 2,349 3,707
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Total fixed charges.................. $ 1,075 $ 1,429 $ 3,337 $ 31,708 $ 48,740 $ 189,193 $ 23,619 $ 87,014
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(a) (a) (a) (a) (a) (a) 1.50 (a)
RATIO OF EARNINGS TO FIXED CHARGES.......
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(a) The deficiency of earnings to cover fixed charges was $51,105, $86,116, $70,656, $92,927 and $59,714 for the years ended
December 31, 1995, 1996, 1997, 1998 and 1999, respectively, and $264,700 and $97,201 for the pro forma year ended December 31, 1999
and the six months ended June 30, 2000, respectively.
(b) The pro forma data for the six months ended June 30, 2000 and the year ended December 31, 1999 give effect to the acquisition
of substantially all of the assets of GST and related borrowings under the new credit facility and the bridge loan facility.
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