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EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
(Unaudited)
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THREE MONTHS ENDED
MARCH 31, 2000
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1999 2000
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Earnings:
Loss before cumulative effect of a change in
accounting principle ......................... $ (51,758) $ (49,228)
Fixed charges, less interest capitalized ............ 43,953 54,461
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Earnings ...................................... $ (7,805) $ 5,233
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Fixed charges:
Interest expense, including interest capitalized .... $ 40,499 $ 46,367
Amortization of deferred financing costs ............ 1,117 1,152
Interest portion of rental expense .................. 7,922 8,106
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Fixed charges ................................ $ 49,538 $ 55,625
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Ratio of earnings to fixed charges ......................... -- --
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Deficiency of earnings available to cover
fixed charges ....................................... $ (57,343) $ (50,392)
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