Attached files
Exhibit 12.1
Motricity, Inc.
The following table sets forth our ratio of earnings to combined fixed charges and preference security dividends for the years ended December 31, 2007, 2008, 2009, 2010 and 2011. As earnings are inadequate to cover fixed charges, we have provided the coverage deficiency amounts.
Statement of Computation of Ratio of Earnings To Combined Fixed Charges
and Preference Security Dividends
(in thousands, except ratios)
Year Ended December 31, | ||||||||||||||||||||
2007 | 2008 | 2009 | 2010 | 2011 | ||||||||||||||||
Loss from continuing operations, before income tax |
(51,605 | ) | (75,052 | ) | (14,405 | ) | (4,925 | ) | (201,385 | ) | ||||||||||
Fixed charges |
1,847 | 2,194 | 1,213 | 1,010 | 2,052 | |||||||||||||||
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Total loss for computation of ratio |
(49,758 | ) | (72,858 | ) | (13,192 | ) | (3,915 | ) | (199,333 | ) | ||||||||||
Fixed charges: |
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Interest expense |
1,354 | 493 | 220 | 111 | 644 | |||||||||||||||
Interest attributable to rentals(a) |
493 | 1,701 | 993 | 899 | 1,408 | |||||||||||||||
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Total fixed charges |
1,847 | 2,194 | 1,213 | 1,010 | 2,052 | |||||||||||||||
Preferred dividend requirements: |
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Accretion of redeemable preferred stock |
7,399 | 21,729 | 23,261 | 12,093 | | |||||||||||||||
Preferred stock dividends |
696 | 698 | 695 | 1,200 | | |||||||||||||||
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Total preferred dividend requirements |
8,095 | 22,427 | 23,956 | 13,293 | | |||||||||||||||
Total combined fixed charges preferred stock dividends |
9,942 | 24,621 | 25,169 | 14,303 | 2,052 | |||||||||||||||
Ratio of earnings to combined fixed charges and preference security dividends(b) |
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(a) | Interest attributable to rentals equals one-third of total rental expense. |
(b) | Due to our losses in years ended December 31, 2007, 2008, 2009, 2010 and 2011, the ratio coverage was less than 1:1. Additional earnings of $51,605, $75,052, $14,405, $4,925 and $201,385 would have been required in each of those periods, respectively, to achieve a coverage ratio of 1:1. |