Hughes Communications, Inc. - FORM 10-K - EX-12 - EXHIBIT 12 - March 7, 2011

Attached files

file filename
10-K - FORM 10-K - Hughes Communications, Inc.d10k.htm
EX-11 - EXHIBIT 11 - Hughes Communications, Inc.dex11.htm
EX-32 - EXHIBIT 32 - Hughes Communications, Inc.dex32.htm
EX-23.1 - EXHIBIT 23.1 - Hughes Communications, Inc.dex231.htm
EX-21.1 - EXHIBIT 21.1 - Hughes Communications, Inc.dex211.htm
EX-31.2 - EXHIBIT 31.2 - Hughes Communications, Inc.dex312.htm
EX-31.1 - EXHIBIT 31.1 - Hughes Communications, Inc.dex311.htm
EX-10.29 - EXHIBIT 10.29 - Hughes Communications, Inc.dex1029.htm

Exhibit 12

HUGHES COMMUNICATIONS, INC.

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in thousands)

 

    Year Ended December 31,  
    2010     2009     2008     2007     2006  

Earnings:

          

Income (loss) before income tax (expense) benefit; equity in earnings (losses) of unconsolidated affiliates; and discontinued operations

   $  28,696      $ (49,371 )    $ 17,520      $ 49,630      $ 16,804   

Fixed charges

     78,391        70,622        60,296        59,964        53,354   

Amortization of capitalized interest

     1,325        -        -        -        -   

Capitalized interest

     (13,957 )      (1,716 )      (4,752 )      (12,031 )      (1,900 ) 
                                       

Total earnings

   $ 94,455      $ 19,535      $ 73,064      $ 97,563      $ 68,258   
                                       

Fixed charges:

          

Interest

   $ 73,302      $ 65,835      $ 56,079      $ 55,806      $ 49,691   

Portion of rent expense representative of interest

     5,089        4,787        4,217        4,158        3,663   
                                       

Total fixed charges

   $ 78,391      $   70,622      $   60,296      $   59,964      $   53,354   
                                       

Ratio of earnings to fixed charges

     1.2x        *        1.2x        1.6x        1.3x   
                                       

Deficiency of earnings to fixed charges

     $ (51,087 )       
               

 

* Ratio not provided due to deficiency in the period.

The ratio of earnings to fixed charges is computed by dividing total fixed charges into income (loss) before income tax expense (benefit), equity in earnings (losses) of unconsolidated affiliates and discontinued operations plus fixed charges and amortization of capitalized interest less capitalized interest. Fixed charges include, as applicable interest expense, amortization of debt issuance costs, the estimated interest component of rent expense (calculated as one-third of net rent expense).

Hughes Communications, Inc. Reports