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Previous: WINSTAR COMMUNICATIONS INC, S-3, EX-5.1, 2000-06-02 |
Next: WINSTAR COMMUNICATIONS INC, S-3, EX-23.1, 2000-06-02 |
<PAGE>
Exhibit 12.1
Winstar Communications, Inc.
Ratio of earnings to fixed charges
(in thousands)
<TABLE>
<CAPTION>
Ten months
ended Year Ended Year Ended Year Ended
December 31, December 31, December 31, December 31, Year Ended December 31,
------------ ------------- ------------- ------------ ------------ ---------------
Pro
1995 1996 1997 1998 1999 Forma
---- ---- ---- ---- ---- -----
<S> <C> <C> <C> <C> <C> <C>
Net loss from continuing operations
before income taxes $ (13,262) $ (79,746) $ (235,999) $(425,250) $ (642,277) $(764,976)
Adjustments to Earnings:
Fixed Charges, as Detailed Below 7,534 38,268 85,324 168,232 244,563 367,262
Interest Capitalized - (320) (4,200) (1,700) (23,497) (23,497)
---------------------------------
Earnings as Adjusted $ (5,728) $ (41,798) $ (154,875) $(258,718) $ (421,211) $(421,211)
============ ============= =========== ========= ========== ==========
FIXED CHARGES:
--------------
Interest Expense $ 7,186 $ 36,748 $ 77,257 $156,599 $211,744 $ 334,443
Capitalized Interest - 320 4,200 1,700 23,497 23,497
Portion of Rental Expense which is
Representative of Interest 348 1,200 3,867 9,933 9,322 9,322
------------ -------------- ---------- ---------- ---------- ----------
Total Fixed Charges 7,534 38,268 85,324 168,232 244,563 367,262
DEFICIENCY IN EARNINGS TO COVER
FIXED CHARGES (13,262) (80,066) (240,199) (426,950) (665,774) (788,473)
<CAPTION>
3 Months 3 Months 3 Months
Ended Ended Ended
March 31, 1999 March 31, 2000 March 31, 2000
Actual Actual Pro Forma
------------- ------------ ---------------
<S> <C> <C> <C>
Net loss from continuing operations
before income taxes (153,912) (150,517) (165,872)
Adjustments to Earnings:
Fixed Charges, as Detailed Below 54,026 76,436 91,791
Interest Capitalized (425) (10,402) (10,402)
--------------------------------- ------------- ------------ ---------------
Earnings as Adjusted $ (100,311) $ (84,483) $ (84,483)
============= ============ ===============
FIXED CHARGES:
--------------
Interest Expense 50,563 62,775 78,130
Capitalized Interest 425 10,402 10,402
Portion of Rental Expense which is
Representative of Interest 3,038 3,259 3,259
------------- ------------ ---------------
Total Fixed Charges 54,026 76,436 91,791
DEFICIENCY IN EARNINGS TO COVER
FIXED CHARGES (154,337) (160,919) (176,274)
</TABLE>
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