EXHIBIT 12.1
Ratio of Earnings To Fixed Charges
| Six Months
Ended June 30, 2001 |
Year Ended December 31, |
|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2000 |
1999 |
1998 |
1997 |
1996 |
||||||||||||||
| (amounts in thousands) | ||||||||||||||||||
| Net loss | $(402,490 | ) | $(1,411,273 | ) | $(719,968 | ) | $(124,546 | ) | $(31,020 | ) | $(6,246 | ) | ||||||
| Equity in losses of equity-method
investees |
23,490 | 304,596 | 76,769 | 2,905 | — | — | ||||||||||||
| Net loss before equity in losses of
equity-method investees |
(379,000 | ) | (1,106,677 | ) | (643,199 | ) | (121,641 | ) | (31,020 | ) | (6,246 | ) | ||||||
| Plus fixed charges: | ||||||||||||||||||
| Interest expense including
amortization of debt issuance costs |
68,896 | 130,921 | 84,566 | 26,639 | 326 | 5 | ||||||||||||
| Assumed interest element
included in rent expense |
5,339 | 10,773 | 4,732 | 2,833 | 700 | 90 | ||||||||||||
| 74,235 | 141,694 | 89,298 | 29,472 | 1,026 | 95 | |||||||||||||
| Adjusted earnings (loss) | (304,765 | ) | (964,983 | ) | (553,901 | ) | (92,169 | ) | (29,994 | ) | (6,151 | ) | ||||||
| Fixed charges | (74,235 | ) | (141,694 | ) | (89,298 | ) | (29,472 | ) | (1,026 | ) | (95 | ) | ||||||
| Deficiency in earnings to cover
fixed charges |
$(379,000 | ) | $(1,106,677 | ) | $(643,199 | ) | $(121,641 | ) | $(31,020 | ) | $(6,246 | ) | ||||||