Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - T-Mobile US, Inc. | d8k.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - T-Mobile US, Inc. | dex11.htm |
| EX-99.2 - PRESS RELEASE - T-Mobile US, Inc. | dex992.htm |
| EX-99.1 - PRESS RELEASE - T-Mobile US, Inc. | dex991.htm |
Exhibit 12.1
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended December 31, | Nine Months
Ended September 30, |
|||||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2009 | 2010 | ||||||||||||||||||||||
| (dollars in thousands) | ||||||||||||||||||||||||||||
| Earnings available for fixed charges: |
||||||||||||||||||||||||||||
| Income before income taxes |
$ | 326,102 | $ | 90,523 | $ | 223,501 | $ | 279,424 | $ | 263,679 | $ | 204,995 | $ | 297,234 | ||||||||||||||
| Fixed charges |
114,965 | 202,074 | 290,209 | 309,033 | 401,319 | 297,640 | 295,206 | |||||||||||||||||||||
| Amortization of capitalized interest |
408 | 843 | 2,388 | 6,041 | 9,920 | 7,237 | 8,604 | |||||||||||||||||||||
| Capitalized interest |
(3,564 | ) | (17,503 | ) | (34,867 | ) | (64,160 | ) | (37,495 | ) | (30,549 | ) | (17,822 | ) | ||||||||||||||
| Total earnings available for fixed charges: |
$ | 437,911 | $ | 275,937 | $ | 481,231 | $ | 530,338 | $ | 637,423 | $ | 479,323 | $ | 583,222 | ||||||||||||||
| Fixed charges: |
||||||||||||||||||||||||||||
| Interest expense (1) |
$ | 58,033 | $ | 115,985 | $ | 201,746 | $ | 179,398 | $ | 270,285 | $ | 199,358 | $ | 198,710 | ||||||||||||||
| Portion of rent expense representative of interest (2) |
17,202 | 28,199 | 41,392 | 65,475 | 93,539 | 67,733 | 78,674 | |||||||||||||||||||||
| Capitalized interest |
3,564 | 17,503 | 34,867 | 64,160 | 37,495 | 30,549 | 17,822 | |||||||||||||||||||||
| Net preferred stock dividends (3) |
36,166 | 40,387 | 12,204 | — | — | — | — | |||||||||||||||||||||
| Total fixed charges: |
$ | 114,965 | $ | 202,074 | $ | 290,209 | $ | 309,033 | $ | 401,319 | $ | 297,640 | $ | 295,206 | ||||||||||||||
| Ratio of earnings to fixed charges: |
3.81x | 1.37x | 1.66x | 1.72x | 1.59x | 1.61x | 1.98x | |||||||||||||||||||||
| (1) | Interest expense includes amortization of deferred debt issuance costs and premiums and discounts related to indebtedness. |
| (2) | The portion of operating rent al expense that management believes is representative of interest is estimated to be 33%. |
| (3) | Net preferred stock dividends are the company’s preferred dividend expense net of income tax benefit. |