Attached files
file | filename |
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10-K - FORM 10-K - OTELCO INC. | t1700168-10k.htm |
EX-32.2 - EXHIBIT 32.2 - OTELCO INC. | t1700168_ex32-2.htm |
EX-32.1 - EXHIBIT 32.1 - OTELCO INC. | t1700168_ex32-1.htm |
EX-31.2 - EXHIBIT 31.2 - OTELCO INC. | t1700168_ex31-2.htm |
EX-31.1 - EXHIBIT 31.1 - OTELCO INC. | t1700168_ex31-1.htm |
EX-23.1 - EXHIBIT 23.1 - OTELCO INC. | t1700168_ex23-1.htm |
EX-21.1 - EXHIBIT 21.1 - OTELCO INC. | t1700168_ex21-1.htm |
Exhibit 12.1
Statement Setting Forth Detail for Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
(dollars in thousands)
| | |
Years Ended December 31,
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2016
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2015
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2014
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2013
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2012
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Fixed Charges | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense
|
| | | $ | 10,634 | | | | | $ | 7,894 | | | | | $ | 8,854 | | | | | $ | 12,673 | | | | | $ | 22,932 | | |
Earnings | | | | | | | |||||||||||||||||||||||||
Income (loss) before income taxes
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| | | $ | 8,804 | | | | | $ | 12,428 | | | | | $ | 8,214 | | | | | $ | 115,511 | | | | | $ | (151,767) | | |
Add: Interest expense
|
| | | | 10,634 | | | | | | 7,894 | | | | | | 8,854 | | | | | | 12,673 | | | | | | 22,932 | | |
Total Earnings
|
| | | $ | 19,438 | | | | | $ | 20,322 | | | | | $ | 17,068 | | | | | $ | 128,184 | | | | | $ | (128,835) | | |
Ratio of earnings to fixed charges
|
| | | | 1.8x | | | | | | 2.6x | | | | | | 1.9x | | | | | | 10.1x | | | | | | (5.6)x | | |