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Previous: GLOBAL TELESYSTEMS INC, S-3, EX-5.1, 2000-10-03 |
Next: GLOBAL TELESYSTEMS INC, S-3, EX-23.1, 2000-10-03 |
<PAGE> 1
EXHIBIT 12.1
GLOBAL TELESYSTEMS INC.
EARNINGS/DEFICIENCIES TO COVER FIXED CHARGES
FOR THE SIX MONTHS ENDED JUNE 30, 2000
<TABLE>
<CAPTION>
Six Months
Ended Year Ended
June 30, ----------------------------------------------------------------------
2000 1999 1998 1997 1996 1995
--------- --------- --------- --------- -------- --------
000s
<S> <C> <C> <C> <C> <C> <C>
Net Loss before extraordinary loss ($288,184) ($616,799) ($243,052) ($134,761) ($76,205) ($44,196)
Addback: Income tax expense 8,393 17,900 7,752 2,485 1,360 2,565
--------- --------- --------- --------- -------- --------
Pre-tax Loss (279,791) (598,899) (235,300) (132,276) (74,845) (41,631)
Adjustments: Fixed charges 118,689 208,979 129,712 29,273 367,464 33,914
--------- --------- --------- --------- -------- --------
Adjusted earnings from continuing
operations (161,102) (389,920) (105,588) (103,003) 292,619 (7,717)
Interest expense indebtedness,
including amortisation of discount 118,689 208,979 129,712 29,273 367,464 33,914
--------- --------- --------- --------- -------- --------
Total fixed charges 118,689 208,979 129,712 29,273 367,464 33,914
Deficiency of earnings available to
cover fixed charges ($279,791) ($598,899) ($235,300) ($132,276) ($74,845) ($41,631)
========= ========= ========= ========= ======== ========
</TABLE>
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