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Previous: ZIFF DAVIS MEDIA INC, S-4, EX-10.9, 2000-10-16 |
Next: ZIFF DAVIS MEDIA INC, S-4, EX-21.1, 2000-10-16 |
<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)
========= ========== ========= ========= ========== ==========
Insufficient to cover 32,663 761,197
<CAPTION>
Pro forma Pro Forma
Twelve Months Three Months
Three Months Ended Ended Ended
June 30, March 31, June 30,
------------------------- ----------- -----------
1999 2000 2000 2000
---------- ---------- ----------- -----------
<S> <C> <C> <C> <C>
Pre-tax income (loss) from continuing
operations before adjustment for minority $ 5,608 $ 4,089 $ (5,747) $ 2,245
interests in consolidated subsidiaries or
income (loss) from equity investees
Distribution from joint ventures - 2,000 4,000 2,000
---------- ---------- ----------- ----------
5,608 6,089 (1,747) 4,245
Interest expense - 12,639 58,895 14,725
Interest allocated to asset held for sale - 942 3,800 950
Interest portion of rent expense 572 1,455 3,870 1,455
---------- ---------- ----------- ----------
Total fixed charges 572 15,036 66,565 17,130
---------- ---------- ----------- ----------
Earnings before income taxes and fixed
charges $ 6,180 $ 21,125 $ 64,818 $ 21,375
========== ========== =========== ==========
Ratio of earnings to fixed charges 10.8 1.4 (a) 1.2
========== ========== =========== ==========
Insufficient to cover 1,747
</TABLE>
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