Attached files
| file | filename |
|---|---|
| EX-32.1 - TMUS EXHIBIT 32.1 - T-Mobile US, Inc. | tmus12312015ex321.htm |
| 10-K - TMUS FORM 10-K - T-Mobile US, Inc. | tmus12312015form10-k.htm |
| EX-23.1 - TMUS EXHIBIT 23.1 - T-Mobile US, Inc. | tmus12312015ex231.htm |
| EX-32.2 - TMUS EXHIBIT 32.2 - T-Mobile US, Inc. | tmus12312015ex322.htm |
| EX-31.2 - TMUS EXHIBIT 31.2 - T-Mobile US, Inc. | tmus12312015ex312.htm |
| EX-21.1 - TMUS EXHIBIT 21.1 - T-Mobile US, Inc. | tmus12312015ex211.htm |
| EX-31.1 - TMUS EXHIBIT 31.1 - T-Mobile US, Inc. | tmus12312015ex311.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Year Ended December 31, | |||||||||||||||||||
(in millions, except ratio) | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||
Earnings available for fixed charges: | |||||||||||||||||||
Income (loss) before income taxes and earnings from unconsolidated affiliates | $ | 990 | $ | 461 | $ | 94 | $ | (6,991 | ) | $ | (4,919 | ) | |||||||
Adjustments: | |||||||||||||||||||
Fixed charges | 2,656 | 2,377 | 2,118 | 1,474 | 1,487 | ||||||||||||||
Amortization of capitalized interest | 49 | 35 | 34 | 34 | 31 | ||||||||||||||
Capitalized interest | (230 | ) | (81 | ) | (5 | ) | (9 | ) | (24 | ) | |||||||||
Earnings available for fixed charges | $ | 3,465 | $ | 2,792 | $ | 2,241 | $ | (5,492 | ) | $ | (3,425 | ) | |||||||
Fixed charges and combined fixed charges and preferred stock dividends: | |||||||||||||||||||
Interest expense including capitalized interest | $ | 1,726 | $ | 1,433 | $ | 1,229 | $ | 686 | $ | 694 | |||||||||
Portion of rent expense representative of interest (1) | 930 | 944 | 889 | 788 | 793 | ||||||||||||||
Fixed charges | $ | 2,656 | $ | 2,377 | $ | 2,118 | $ | 1,474 | $ | 1,487 | |||||||||
Dividends on preferred stock (pre-tax) | 73 | — | — | — | — | ||||||||||||||
Combined fixed charges and preferred stock dividends | $ | 2,729 | $ | 2,377 | $ | 2,118 | $ | 1,474 | $ | 1,487 | |||||||||
Ratio of earnings to fixed charges (2) | 1.30 | 1.17 | 1.06 | — | — | ||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends (2) | 1.27 | 1.17 | 1.06 | — | — | ||||||||||||||
(1) | The portion of total rental expense that represents interest factor is estimated to be 33%. |
(2) | Due primarily to T-Mobile USA, Inc.'s non-cash impairment charges in the years ended December 31, 2012 and 2011, the ratio coverage was less than 1:1 in each of these periods. T-Mobile, Inc. would have needed to generate additional earnings of $7.0 billion and $4.9 billion in the year ended December 31, 2012 and 2011, respectively, to achieve a coverage of 1:1 in each of these periods. |