GLOBAL CROSSING LTD - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 23, 2011

Attached files

file filename
EX-31.2 - CERTIFICATION BY JOHN A. KRITZMACHER, CHIEF FINANCIAL OFFICER OF GCL - GLOBAL CROSSING LTDdex312.htm
EX-32.2 - CERTIFICATION BY JOHN A. KRITZMACHER, CHIEF FINANCIAL OFFICER OF GCL - GLOBAL CROSSING LTDdex322.htm
EX-21.1 - SUBSIDIARIES OF GCL - GLOBAL CROSSING LTDdex211.htm
EX-31.1 - CERTIFICATION BY JOHN J. LEGERE, CHIEF EXECUTIVE OFFICER OF GCL - GLOBAL CROSSING LTDdex311.htm
EX-4.16 - SECOND SUPPLEMENTAL INDENTURE - GLOBAL CROSSING LTDdex416.htm
EX-32.1 - CERTIFICATION BY JOHN J. LEGERE, CHIEF EXECUTIVE OFFICER OF GCL - GLOBAL CROSSING LTDdex321.htm
EX-23.1 - CONSENT OF ERNST & YOUNG LLP - GLOBAL CROSSING LTDdex231.htm
10-K - FORM 10-K - GLOBAL CROSSING LTDd10k.htm

Exhibit 12.1

 

Computation of Ratio of Earnings to Fixed Charges

Global Crossing Limited

(Dollars in Millions)

 

     Years Ended December 31,  
     2010     2009     2008     2007     2006  

Loss before benefit (provision) for income taxes

    $ (177 )    $ (140 )    $ (235 )    $ (249 )    $ (261 ) 

Interest expense

      191        160        176        177        110   

Portion of rent expense representing interest

      67        64        66        57        47   
                                        

Income (loss) available for fixed charges

    $ 81      $ 84      $ 7      $ (15 )    $ (104 ) 
                                        

Fixed Charges:

           

Interest expense

    $ 191      $ 160      $ 176      $ 177      $ 110   

Portion of rent expense representing interest

      67        64        66        57        47   

Preferred stock dividends

      4        4        4        4        3   
                                        

Fixed charges

    $ 262      $ 228      $ 246      $ 238      $ 160   
                                        

Ratio of Earnings to Fixed Charges

      —        —        —        —        —   
                                        

Deficiency

    $ 181      $ 144      $ 239      $ 253      $ 264   
                                        

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