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Previous: ZIFF DAVIS MEDIA INC, S-4/A, EX-5.1, 2000-12-28 |
Next: ZIFF DAVIS MEDIA INC, S-4/A, EX-23.1, 2000-12-28 |
<PAGE>
Exhibit 12.1
Ziff-Davis Inc.
Computation of Ratio of Earnings to Fixed Charges
(Amounts in thousands of dollars)
<TABLE>
<CAPTION>
Two month Period
period Feb 29 to
ended December Year ended December 31,
---------------------------------------
February 28, 31,
1995 1996 1996 1997 1998 1999
-------- ------------ --------- -------- --------- ---------
<S> <C> <C> <C> <C> <C> <C>
Pre-tax income (loss) from continuing
operations before adjustment for minority
interests in consolidated subsidiaries or
income (loss) from equity investees $ 15,137 $ 6,783 $ 9,251 $ 33,690 $ (32,663) $ (765,197)
Distribution from joint ventures - - - - - 4,000
-------- --------- --------- --------- ---------- ----------
15,137 6,783 9,251 33,690 (32,663) (761,197)
Interest expense - - - - - -
Interest allocated to asset held for sale - - - - - -
Interest portion of rent expense 3,141 551 2,560 3,454 3,070 4,005
-------- ---------- --------- --------- ---------- ----------
Total fixed charges 3,141 551 2,560 3,454 3,070 4,005
--------- ---------- --------- --------- ---------- ----------
Earnings before income taxes and fixed
charges $ 18,278 $ 7,334 $ 11,811 $ 37,144 $ (29,593) $ (757,192)
========= ========== ========= ========= ========== ==========
Ratio of earnings to fixed charges 5.8 13.3 4.6 10.8 (a) (a)
========= ========== ========= ========= ========== ==========
<CAPTION>
Pro forma Pro Forma
Twelve Months Six Months
Six Months Ended Ended Ended
September 30, March 31, September 30,
------------------------- ----------- ------------
1999 2000 2000 2000
---------- ---------- ----------- -----------
<S> <C> <C> <C> <C>
Pre-tax income (loss) from continuing
operations before adjustment for minority $ (1,855) $ (14,490) $ 22,957 $ (17,137)
interests in consolidated subsidiaries or
income (loss) from equity investees
Distribution from joint ventures 4,000 2,500 4,000 2,500
---------- ---------- ----------- ----------
2,145 (11,990) (18,957) (14,637)
Interest expense - 27,426 61,402 30,073
Interest allocated to asset held for sale - 1,256 1,256 1,256
Interest portion of rent expense 1,788 3,130 3,870 3,130
---------- ---------- ----------- ----------
Total fixed charges 1,788 31,812 66,528 34,459
---------- ---------- ----------- ----------
Earnings before income taxes and fixed
charges $ 3,933 $ 19,822 $ 47,571 $ 19,822
========== ========== =========== ==========
Ratio of earnings to fixed charges 2.2 (a) (a) (a)
========== ========== =========== ==========
(a) For the years ended December 31, 1998 and 1999 and for the six months ended
September 30, 2000 earnings were insufficient to cover fixed charges by $32,663,
$761,197 and $11,990, respectively. For the pro forma Tweleve Months Ended March
31, 2000 and pro forma Six Months Ended September 30, 2000, earnings were
insufficient to cover fixed charges by $18,957 and $14,637, respectively.
</TABLE>
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