Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - CROWN CASTLE INTERNATIONAL CORP | d41368d8k.htm |
| EX-5.1 - EX-5.1 - CROWN CASTLE INTERNATIONAL CORP | d41368dex51.htm |
| EX-4.1 - EX-4.1 - CROWN CASTLE INTERNATIONAL CORP | d41368dex41.htm |
Exhibit 12.1
CROWN CASTLE INTERNATIONAL CORP.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND EARNINGS TO
COMBINED FIXED CHARGES AND DIVIDENDS ON PREFERRED STOCK
AND LOSSES ON PURCHASES OF PREFERRED STOCK
(DOLLARS IN THOUSANDS)
| Years Ended December 31, | Nine Months Ended September 30, |
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| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |||||||||||||||||||
| Computation of earnings: |
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| Income (loss) from continuing operations before income taxes |
$ | (358,991 | ) | $ | 151,196 | $ | 64,853 | $ | 251,001 | 335,070 | 373,181 | |||||||||||||
| Add: |
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| Fixed charges (as computed below) |
592,344 | 611,522 | 717,672 | 752,241 | 791,386 | 565,650 | ||||||||||||||||||
| Subtract: |
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| Interest capitalized |
— | (265 | ) | (2,335 | ) | (1,832 | ) | (2,985 | ) | (3,372 | ) | |||||||||||||
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| $ | 233,353 | $ | 762,453 | $ | 780,190 | $ | 1,001,410 | $ | 1,123,471 | $ | 935,459 | |||||||||||||
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| Computation of fixed charges and combined fixed charges and preferred stock dividends and losses on purchases of preferred stock: |
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| Interest expense |
406,222 | 404,968 | 491,184 | 491,041 | 491,581 | 364,579 | ||||||||||||||||||
| Amortized premiums, discounts and capitalized expenses related to indebtedness |
84,047 | 102,883 | 109,860 | 98,589 | 81,710 | 34,203 | ||||||||||||||||||
| Interest capitalized |
— | 265 | 2,335 | 1,832 | 2,985 | 3,372 | ||||||||||||||||||
| Interest component of operating lease expense |
102,075 | 103,406 | 114,293 | 160,779 | 215,110 | 163,496 | ||||||||||||||||||
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| Fixed charges |
592,344 | 611,522 | 717,672 | 752,241 | 791,386 | 565,650 | ||||||||||||||||||
| Dividends on preferred stock and losses on purchases of preferred stock |
20,806 | 22,940 | 2,629 | 11,363 | 43,988 | 32,991 | ||||||||||||||||||
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| Combined fixed charges and dividends on preferred stock and losses on purchases of preferred stock |
$ | 613,150 | $ | 634,462 | $ | 720,301 | $ | 763,604 | $ | 835,374 | $ | 598,641 | ||||||||||||
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| Ratio of earnings to fixed charges |
— | 1.2 | 1.1 | 1.3 | 1.4 | 1.7 | ||||||||||||||||||
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| (Deficiency) excess of earnings to cover fixed charges |
$ | (358,991 | ) | $ | 150,931 | $ | 62,518 | $ | 249,169 | $ | 332,085 | $ | 369,809 | |||||||||||
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| Ratio of earnings to combined fixed charges and dividends on preferred stock and losses on purchases of preferred stock |
— | 1.2 | 1.1 | 1.3 | 1.3 | 1.6 | ||||||||||||||||||
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| (Deficiency) excess of earnings to cover fixed charges and preferred stock dividends and losses on purchases of preferred stock |
$ | (379,797 | ) | $ | 127,991 | $ | 59,889 | $ | 237,806 | $ | 288,097 | $ | 336,818 | |||||||||||
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