OTELCO INC. - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - March 11, 2016

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EX-31.2 - EXHIBIT 31.2 - OTELCO INC.t1600637_ex31-2.htm
EX-32.1 - EXHIBIT 32.1 - OTELCO INC.t1600637_ex32-1.htm
EX-32.2 - EXHIBIT 32.2 - OTELCO INC.t1600637_ex32-2.htm
EX-31.1 - EXHIBIT 31.1 - OTELCO INC.t1600637_ex31-1.htm
EX-21.1 - EXHIBIT 21.1 - OTELCO INC.t1600637_ex21-1.htm
EX-23.1 - EXHIBIT 23.1 - OTELCO INC.t1600637_ex23-1.htm
10-K - FORM 10-K - OTELCO INC.t1600637-10k.htm
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Exhibit 12.1​
Statement Setting Forth Detail for Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
​ ​ ​
Years Ended December 31,
​
​ ​ ​
2011
​ ​
2012
​ ​
2013
​ ​
2014
​ ​
2015
​
Fixed Charges ​ ​ ​ ​ ​ ​
Interest expense
​ ​ ​ $ 24,776 ​ ​ ​ ​ $ 22,932 ​ ​ ​ ​ $ 12,673 ​ ​ ​ ​ $ 8,854 ​ ​ ​ ​ $ 7,894 ​ ​
Earnings ​ ​ ​ ​ ​ ​
Income (loss) before income taxes
​ ​ ​ $ 2,447 ​ ​ ​ ​ $ (151,767) ​ ​ ​ ​ $ 115,511 ​ ​ ​ ​ $ 8,214 ​ ​ ​ ​ $ 12,428 ​ ​
Add: Interest expense
​ ​ ​ ​ 24,776 ​ ​ ​ ​ ​ 22,932 ​ ​ ​ ​ ​ 12,673 ​ ​ ​ ​ ​ 8,854 ​ ​ ​ ​ ​ 7,894 ​ ​
Total Earnings
​ ​ ​ $ 27,223 ​ ​ ​ ​ $ (128,835) ​ ​ ​ ​ $ 128,184 ​ ​ ​ ​ $ 17,068 ​ ​ ​ ​ $ 20,322 ​ ​
Ratio of earnings to fixed charges
​ ​ ​ ​ 1.1x ​ ​ ​ ​ ​ (5.6)x ​ ​ ​ ​ ​ 10.1x ​ ​ ​ ​ ​ 1.9x ​ ​ ​ ​ ​ 2.6x ​ ​

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