GLOBAL CROSSING LTD - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 23, 2010

Attached files

file filename
10-K - FORM 10-K - GLOBAL CROSSING LTDd10k.htm
EX-31.1 - CERTIFICATION BY JOHN J. LEGERE, CHIEF EXECUTIVE OFFICER OF GCL - GLOBAL CROSSING LTDdex311.htm
EX-21.1 - SUBSIDIARIES OF GCL - GLOBAL CROSSING LTDdex211.htm
EX-10.5 - THIRD AMENDMENT TO EMPLOYMENT AGREEMENT, DATED AS OF DECEMBER 31, 2009 - GLOBAL CROSSING LTDdex105.htm
EX-32.1 - CERTIFICATION BY JOHN J. LEGERE, CHIEF EXECUTIVE OFFICER OF GCL - GLOBAL CROSSING LTDdex321.htm
EX-23.1 - CONSENT OF ERNST & YOUNG LLP - GLOBAL CROSSING LTDdex231.htm
EX-4.20 - AMENDMENT NO. 3 TO REGISTRATION RIGHTS AGREEMENT, DATED AS OF AUGUST 27, 2007 - GLOBAL CROSSING LTDdex420.htm
EX-32.2 - CERTIFICATION BY JOHN A. KRITZMACHER, CHIEF FINANCIAL OFFICER OF GCL - GLOBAL CROSSING LTDdex322.htm
EX-31.2 - CERTIFICATION BY JOHN A. KRITZMACHER, CHIEF FINANCIAL OFFICER OF GCL - GLOBAL CROSSING LTDdex312.htm

Exhibit 12.1

 

Computation of Ratio of Earnings to Fixed Charges

Global Crossing Limited

(Dollars in Millions)

 

     Years Ended December 31,  
     2009     2008     2007     2006     2005  

Loss before provision for income taxes

    $ (140 )    $ (235 )    $ (249 )    $ (261 )    $ (300 ) 

Interest expense

      160        176        177        110        99   

Portion of rent expense representing interest

      64        66        57        47        49   
                                        

Income (losses) available for fixed charges

    $ 84      $ 7      $ (15 )    $ (104 )    $ (152 ) 
                                        

Fixed Charges:

           

Interest expense

    $ 160      $ 176      $ 177      $ 110      $ 99   

Portion of rent expense representing interest

      64        66        57        47        49   

Preferred stock dividends

      4        4        4        3        4   
                                        

Fixed charges

    $ 228      $ 246      $ 238      $ 160      $ 152   
                                        

Ratio of Earnings to Fixed Charges

      —        —        —        —        —   
                                        

Deficiency

    $ 144      $ 239      $ 253      $ 264      $ 304   
                                        

GLOBAL CROSSING LTD Reports