Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Hughes Network Systems, LLC | d10k.htm |
| EX-21.1 - EXHIBIT 21.1 - Hughes Network Systems, LLC | dex211.htm |
| EX-31.2 - EXHIBIT 31.2 - Hughes Network Systems, LLC | dex312.htm |
| EX-31.1 - EXHIBIT 31.1 - Hughes Network Systems, LLC | dex311.htm |
| EX-10.25 - EXHIBIT 10.25 - Hughes Network Systems, LLC | dex1025.htm |
| EX-32 - EXHIBIT 32 - Hughes Network Systems, LLC | dex32.htm |
Exhibit 12
HUGHES NETWORK SYSTEMS, LLC
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 and equity in earnings of unconsolidated affiliates |
$ | 31,734 | $ | (41,121 | ) | $ | 19,963 | $ | 55,200 | $ | 22,541 | |||||||||
| Fixed charges |
77,941 | 70,247 | 60,296 | 59,961 | 51,604 | |||||||||||||||
| Amortization of capitalized interest |
1,325 | - | - | - | - | |||||||||||||||
| Capitalized interest |
(13,957 | ) | (1,716 | ) | (4,752 | ) | (12,031 | ) | (1,900 | ) | ||||||||||
| Total earnings |
$ | 97,043 | $ | 27,410 | $ | 75,507 | $ | 103,130 | $ | 72,245 | ||||||||||
| Fixed charges: |
||||||||||||||||||||
| Interest |
$ | 73,281 | $ | 65,810 | $ | 56,079 | $ | 55,803 | $ | 47,941 | ||||||||||
| Portion of rent expense representative of interest |
4,660 | 4,437 | 4,217 | 4,158 | 3,663 | |||||||||||||||
| Total fixed charges |
$ | 77,941 | $ | 70,247 | $ | 60,296 | $ | 59,961 | $ | 51,604 | ||||||||||
| Ratio of earnings to fixed charges |
1.2x | * | 1.3x | 1.7x | 1.4x | |||||||||||||||
| Deficiency of earnings to fixed charges |
$ | (42,837 | ) | |||||||||||||||||
| * | 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 and equity in earnings of unconsolidated affiliates 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).