Exhibit 12.1
Ratio of Earnings To Fixed Charges
| Year Ended December 31, |
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| 2004 |
2003 |
2002 |
2001 |
2000 |
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| (amounts in thousands) | ||||||||||||||||||||
| Income (loss) before income taxes |
$ | 355,870 | $ | 38,988 | $ | (150,633 | ) | $ | (566,733 | ) | $ | (1,406,169 | ) | |||||||
| Equity in losses of equity-method investees |
— | 436 | 4,169 | 30,327 | 304,596 | |||||||||||||||
| Net income (loss) before equity in losses of equity-method investees |
355,870 | 39,424 | (146,464 | ) | (536,406 | ) | (1,101,573 | ) | ||||||||||||
| Plus fixed charges: |
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| Interest expense including amortization of debt issuance costs |
107,227 | 129,979 | 142,925 | 139,232 | 130,921 | |||||||||||||||
| Assumed interest element included in rent expense |
3,881 | 5,718 | 6,205 | 8,880 | 10,773 | |||||||||||||||
| 111,108 | 135,697 | 149,130 | 148,112 | 141,694 | ||||||||||||||||
| Adjusted earnings (loss) |
466,978 | 175,121 | 2,666 | (388,294 | ) | (959,879 | ) | |||||||||||||
| Fixed charges |
(111,108 | ) | (135,697 | ) | (149,130 | ) | (148,112 | ) | (141,694 | ) | ||||||||||
| Excess (deficiency) of earnings to cover fixed charges |
$ | 355,870 | $ | 39,424 | $ | (146,464 | ) | $ | (536,406 | ) | $ | (1,101,573 | ) | |||||||
| Ratio of earnings to fixed charges (1) |
4.20 | 1.29 | 0.02 | (2.62 | ) | (6.77 | ) | |||||||||||||
| (1) | The ratio of earnings to fixed charges is computed by dividing (i) income (loss) before income taxes and losses from equity interests, plus fixed charges by (ii) fixed charges. |