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Exhibit 12.1
<TABLE>
Motient Corporation and Subsidiaries
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
<CAPTION>
Three Months
Ended
March 31,
---------
Year Ended December 31,
-----------------------
1999 1998 1997 1996 1995 2000
---- ---- ---- ---- ---- ----
Loss from continuing operations before income
<S> <C> <C> <C> <C> <C> <C>
tax benefit $(318,799) $(150,566) $(119,207) $(134,638) $(66,917) $(3,994)
Add:
Fixed charges (net of capitalized interest) 70,028 56,804 22,605 15,984 9,133 16,552
Less:
Interest capitalized -- -- -- -- -- --
Equity in losses of unconsolidated affiliates -- -- -- -- -- --
Losses attributable to minority interests -- -- -- -- -- --
---------- --------- --------- ---------- --------- -------
Earnings as adjusted $(248,771) $(93,762) $(96,602) $(118,654) $(62,468) $12,558
Fixed charges:
Interest expense on indebtedness
(including amortization of debt expense $75,359 $63,230 $23,158 $15,151 $5,600 $15,754
and discount and interest capitalized)
Share of XM Radio preferred stock dividends -- -- -- -- -- 506
Portion of rent expense representative of
interest (33.3%) 4,100 3,033 967 833 3,533 1,065
---------- --------- --------- ---------- --------- -------
Fixed charges $79,459 $66,263 $24,125 $15,984 $9,133 $17,325
========== ========= ========= ========== ========= =======
Ratio of earnings to fixed charges (3.13) (1.42) (4.004) (7.42) (6.84) 0.73
=========== ========= ========= ========= ======== =======
Deficiency of earnings to cover fixed charges $328,230 $160,025 $120,727 $134,638 $71,601 $3,994
========== ========= ========= ========== ========= =======
</TABLE>
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