Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - CROWN CASTLE INTERNATIONAL CORP | d442729dex51.htm |
| EX-4.1 - EX-4.1 - CROWN CASTLE INTERNATIONAL CORP | d442729dex41.htm |
| 8-K - FORM 8-K - CROWN CASTLE INTERNATIONAL CORP | d442729d8k.htm |
EXHIBIT 12.1
CROWN CASTLE INTERNATIONAL CORP.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND
EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(DOLLARS IN THOUSANDS)
| Nine Months Ended September 30, |
Years Ended December 31, | |||||||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||
| Computation of earnings: |
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| Income (loss) from continuing operations before income taxes |
$ | 357,736 | $ | 373,854 | $ | 473,829 | $ | 335,070 | $ | 251,001 | $ | 64,853 | ||||||||||||
| Add: |
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| Fixed charges (as computed below) |
613,990 | 748,001 | 750,968 | 791,386 | 752,241 | 717,672 | ||||||||||||||||||
| Subtract: |
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| Interest capitalized |
(7,768 | ) | (7,010 | ) | (4,805 | ) | (2,985 | ) | (1,832 | ) | (2,335 | ) | ||||||||||||
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| $ | 963,958 | $ | 1,114,845 | $ | 1,219,992 | $ | 1,123,471 | $ | 1,001,410 | $ | 780,190 | |||||||||||||
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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 |
$ | 416,429 | $ | 495,945 | $ | 487,355 | $ | 491,581 | $ | 491,041 | $ | 491,184 | ||||||||||||
| Amortized premiums, discounts and capitalized expenses related to indebtedness |
13,973 | 19,087 | 39,773 | 81,710 | 98,589 | 109,860 | ||||||||||||||||||
| Interest capitalized |
7,768 | 7,010 | 4,805 | 2,985 | 1,832 | 2,335 | ||||||||||||||||||
| Interest component of operating lease expense |
175,820 | 225,959 | 219,035 | 215,110 | 160,779 | 114,293 | ||||||||||||||||||
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| Fixed charges |
613,990 | 748,001 | 750,968 | 791,386 | 752,241 | 717,672 | ||||||||||||||||||
| Dividends on preferred stock and losses on purchases of preferred stock |
29,935 | 32,991 | 43,988 | 43,988 | 11,363 | 2,629 | ||||||||||||||||||
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| Combined fixed charges and preferred stock dividends and losses on purchases of preferred stock |
$ | 643,925 | $ | 780,992 | $ | 794,956 | $ | 835,374 | $ | 763,604 | $ | 720,301 | ||||||||||||
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| Ratio of earnings to fixed charges |
1.6 | 1.5 | 1.6 | 1.4 | 1.3 | 1.1 | ||||||||||||||||||
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| (Deficiency) excess of earnings to cover fixed charges |
$ | 349,968 | $ | 366,844 | $ | 469,024 | $ | 332,085 | $ | 249,169 | $ | 62,518 | ||||||||||||
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| Ratio of earnings to combined fixed charges and preferred stock dividends and losses on purchases of preferred stock |
1.5 | 1.4 | 1.5 | 1.3 | 1.3 | 1.1 | ||||||||||||||||||
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| (Deficiency) excess of earnings to cover combined fixed charges and preferred stock dividends and losses on purchases of preferred stock |
$ | 320,033 | $ | 333,853 | $ | 425,036 | $ | 288,097 | $ | 237,806 | $ | 59,889 | ||||||||||||
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