MOTRICITY INC - FORM S-1/A - EX-12.1 - STATEMENT RE COMPUTATION OF RATIOS - March 19, 2012

Attached files

file filename
S-1/A - AMENDMENT #2 TO FORM S-3 ON FORM S-1 - MOTRICITY INCd279361ds1a.htm
EX-23.2 - CONSENT OF KPMG LLP - MOTRICITY INCd279361dex232.htm
EX-23.1 - CONSENT OF PRICEWATERHOUSECOOPERS LLP - MOTRICITY INCd279361dex231.htm
EX-23.4 - CONSENT OF INDEPENDENT AUDITOR - MOTRICITY INCd279361dex234.htm
EX-4.1 - FORM OF SUBSCRIPTION RIGHTS CERTIFICATE - MOTRICITY INCd279361dex41.htm
EX-23.3 - CONSENT OF MSPC CERTIFIED PUBLIC ACCOUNTANTS AND ADVISORS, PC - MOTRICITY INCd279361dex233.htm
EX-99.1 - FORM OF INSTRUCTIONS AS TO USE OF SUBSCRIPTION RIGHTS CERTIFICATES - MOTRICITY INCd279361dex991.htm
EX-99.3 - FORM OF NOTICE TO STOCKHOLDERS WHO ARE ACTING AS NOMINEES - MOTRICITY INCd279361dex993.htm
EX-99.2 - FORM OF NOTICE TO CLIENTS OF STOCKHOLDERS WHO ARE ACTING AS NOMINEES - MOTRICITY INCd279361dex992.htm
EX-99.4 - FORM OF NOMINEE HOLDER CERTIFICATION - MOTRICITY INCd279361dex994.htm
EX-99.6 - FORM OF NOTICE TO STOCKHOLDERS WHO ARE RECORD HOLDERS - MOTRICITY INCd279361dex996.htm
EX-99.5 - FORM OF BENEFICIAL OWNER ELECTION FORM - MOTRICITY INCd279361dex995.htm
EX-99.7 - FORM OF NOTICE OF IMPORTANT TAX INFORMATION - MOTRICITY INCd279361dex997.htm

Exhibit 12.1

Motricity, Inc.

The following table sets forth our ratio of earnings to combined fixed charges and preference security dividends for the years ended December 31, 2007, 2008, 2009, 2010 and 2011. As earnings are inadequate to cover fixed charges, we have provided the coverage deficiency amounts.

Statement of Computation of Ratio of Earnings To Combined Fixed Charges

and Preference Security Dividends

(in thousands, except ratios)

 

     Year Ended December 31,  
     2007     2008     2009     2010     2011  

Loss from continuing operations, before income tax

      (51,605 )      (75,052 )      (14,405 )      (4,925 )      (201,385 ) 

Fixed charges

      1,847        2,194        1,213        1,010        2,052   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total loss for computation of ratio

      (49,758 )      (72,858 )      (13,192 )      (3,915 )      (199,333 ) 

Fixed charges:

           

Interest expense

      1,354        493        220        111        644   

Interest attributable to rentals(a)

      493        1,701        993        899        1,408   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

      1,847        2,194        1,213        1,010        2,052   

Preferred dividend requirements:

           

Accretion of redeemable preferred stock

      7,399        21,729        23,261        12,093        —     

Preferred stock dividends

      696        698        695        1,200        —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total preferred dividend requirements

      8,095        22,427        23,956        13,293        —     

Total combined fixed charges preferred stock dividends

      9,942        24,621        25,169        14,303        2,052   

Ratio of earnings to combined fixed charges and preference security dividends(b)

      —          —          —          —          —     

 

(a) Interest attributable to rentals equals one-third of total rental expense.
(b) Due to our losses in years ended December 31, 2007, 2008, 2009, 2010 and 2011, the ratio coverage was less than 1:1. Additional earnings of $51,605, $75,052, $14,405, $4,925 and $201,385 would have been required in each of those periods, respectively, to achieve a coverage ratio of 1:1.

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