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Previous: TRITON PCS HOLDINGS INC, S-3/A, EX-5.2, 2000-12-27 |
Next: TRITON PCS HOLDINGS INC, S-3/A, EX-23.1, 2000-12-27 |
<PAGE>
Exhibit 12.1
TRITON PCS HOLDINGS, INC.
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
Nine Months Ended
Years Ended December 31, September 30,
----------------------------------- ----------------------
1997 1998 1999 1999 2000
--------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
Computation of Earnings:
Net loss from operations $ (3,961) $ (32,740) $(149,360) $ (91,267) $(125,448)
Adjustments to earnings:
Fixed charges (as computed below) 1,244 35,875 59,656 43,226 54,676
Interest capitalized -- (3,405) (12,300) (12,940) (7,858)
Amortization of capitalized interest -- -- -- -- 1,094
--------- --------- --------- --------- ---------
Earnings as adjusted $ (2,717) $ (270) $(102,004) $ (60,981) $ (77,536)
========= ========= ========= ========= =========
Computation of Fixed Charges and Preferred Stock Dividends:
Interest expense $ 1,228 $ 30,391 $ 41,061 $ 26,242 $ 38,863
Capitalized interest 3,405 12,300 12,940 7,858
Portion of rental expense which is representative of interest 16 1,107 5,157 3,291 7,007
Amortization of deferred financing costs -- 972 1,138 753 948
--------- --------- --------- --------- ---------
Total Fixed Charges 1,244 35,875 59,656 43,226 54,676
Preferred Stock Dividends -- 6,853 8,725 6,409 7,306
Combined fixed charges and preferred stock dividends $ 1,244 $ 42,728 $ 68,381 $ 49,635 $ 61,982
========= ========= ========= ========= =========
Deficiency of earnings to cover combined fixed charges and
preferred dividends $ 3,961 $ 42,998 $ 170,385 $ 110,616 $ 139,518
========= ========= ========= ========= =========
</TABLE>
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