AMERICAN TOWER CORP /MA/ - FORM 10-K - EX-12 - STATEMENT REGARDING COMPUTATION OF EARNINGS TO FIXED CHARGES - March 1, 2010

Attached files

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10-K - FORM 10-K - AMERICAN TOWER CORP /MA/d10k.htm
EX-21 - SUBSIDIARIES OF THE COMPANY - AMERICAN TOWER CORP /MA/dex21.htm
EX-32 - CERTIFICATIONS PURSUANT TO 18 U.S.C. SECTION 1350 - AMERICAN TOWER CORP /MA/dex32.htm
EX-31.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 302 - AMERICAN TOWER CORP /MA/dex311.htm
EX-31.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 302 - AMERICAN TOWER CORP /MA/dex312.htm
EX-10.5 - AMERICAN TOWER CORPORATION 2000 EMPLOYEE STOCK PURCHASE PLAN - AMERICAN TOWER CORP /MA/dex105.htm
EX-10.36 - AMERICAN TOWER CORPORATION SEVERANCE PLAN FOR VP AND CEO AS AMENDED - AMERICAN TOWER CORP /MA/dex1036.htm
EX-10.34 - LETTER AGREEMENT BY AND BETWEEN THE COMPANY AND STEVEN C MARSHALL - AMERICAN TOWER CORP /MA/dex1034.htm
EX-10.35 - AMERICAN TOWER CORPORATION SEVERANCE PLAN - AMERICAN TOWER CORP /MA/dex1035.htm
EXCEL - IDEA: XBRL DOCUMENT - AMERICAN TOWER CORP /MA/Financial_Report.xls
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM-DELOITTE & TOUCHE LLP - AMERICAN TOWER CORP /MA/dex23.htm

Exhibit 12

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Ratio of Earnings to Fixed Charges

American Tower Corporation

The following table reflects the computation of the ratio of earnings to fixed charges for the periods presented (in thousands):

 

     Year Ended December 31,
     2005     2006    2007    2008    2009

Computation of Earnings:

              

(Loss) income from continuing operations before income taxes and (loss) income on equity method investments

    $ (135,554 )    $ 70,864    $ 152,840    $ 371,920    $ 421,487

Add:

              

Interest expense (1)

      223,911        217,134      237,314      255,073      251,291

Operating leases

      50,601        71,092      73,916      79,189      82,522

Amortization of interest capitalized

      2,563        2,600      2,622      2,692      2,751
                                   

Earnings as adjusted

      141,521        361,690      466,692      708,874      758,051

Computation of fixed charges:

              

Interest expense

      223,911        217,134      237,314      255,073      251,291

Interest capitalized

      473        651         770      495

Operating leases

      50,601        71,092      73,916      79,189      82,522
                                   

Fixed charges

      274,985        288,877      311,230      335,032      334,308
                                   

(Deficiency) excess in earnings required to cover fixed charges

    $ (133,464 )    $ 72,813    $ 155,462    $ 373,842    $ 423,743
                                   

Ratio of earnings to fixed charges (2)

        1.25x      1.50x      2.12x      2.27x

 

(1) Interest expense includes amortization of deferred financing costs. Interest expense also includes an amount related to our capital lease with TV Azteca.
(2) For the purpose of this calculation, “earnings” consists of (loss) income from continuing operations before income taxes, minority interest, (loss) income on equity method investments, fixed charges (excluding interest capitalized), and amortization of interest capitalized. “Fixed charges” consist of interest expensed and capitalized, amortization of debt discount and related issuance costs and the component of rental expense associated with operating leases believed by management to be representative of the interest factor thereon.

AMERICAN TOWER CORP /MA/ Reports

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