Exhibit 12
TIME WARNER TELECOM INC.
RATIO OF EARNINGS TO
FIXED CHARGES
(IN THOUSANDS)
<TABLE>
<CAPTION>
Nine Months Ended
YEARS ENDED DECEMBER 31, September 30
------------------------------------------------- ------------ ------------------- -----
HISTORICAL PRO FORMA(b) HISTORICAL PRO FORMA(b)
------------------------------------------------- ------------ ----------- ------------
1995 1996 1997 1998 1999 1999 2000 2000
-------- -------- -------- -------- -------- -------- -------- ------
<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) $(228,490) $ 9,124 $(136,314)
Interest expense...................... 25 55 1,544 29,198 45,264 150,177 30,657 108,971
Portion of rents representative of an
interest factor..................... 1,050 1,374 1,793 2,322 3,223 5,256 3,588 5,625
________
-------- -------- -------- -------- -------- -------- -------- --------
Total earnings (loss)..................... (50,030) (84,687) (67,319 (61,219) (10,974) (73,057) 43,369 (21,718)
--------- --------- -------- --------- --------- -------- -------- ---------
FIXED CHARGES:
Interest expense...................... 25 55 1,544 29,198 45,264 150,177 30,657 108,971
Capitalized interest.................. -- -- -- 188 253 30,810 2,581 10,926
Portion of rents representative of an
interest factor..................... 1,050 1,374 1,793 2,322 3,223 5,256 3,588 5,625
________
-------- -------- -------- -------- -------- --------- -------- --------
Total fixed charges................. $ 1,075 $ 1,429 $ 3,337 $ 31,708 $ 48,740 $ 186,243 $ 36,826 $125,522
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(a) (a) (a) (a) (a) (a) 1.18 (a)
RATIO OF EARNINGS TO FIXED CHARGES..............
</TABLE>
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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 $259,300 and $147,240 for the pro forma
year ended December 31, 1999 and the nine months ended September 30, 2000,
respectively.
(b) The pro forma data for the nine months ended September 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.
