Attached files

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10-K - 10-K - MEDIACOM BROADBAND LLCmcccb-10k_20151231.htm
EX-10.1 - EX-10.1 - MEDIACOM BROADBAND LLCmcccb-ex101_242.htm
EX-31.2 - EX-31.2 - MEDIACOM BROADBAND LLCmcccb-ex312_8.htm
EX-21.1 - EX-21.1 - MEDIACOM BROADBAND LLCmcccb-ex211_10.htm
EX-32.2 - EX-32.2 - MEDIACOM BROADBAND LLCmcccb-ex322_7.htm
EX-31.1 - EX-31.1 - MEDIACOM BROADBAND LLCmcccb-ex311_9.htm
EX-32.1 - EX-32.1 - MEDIACOM BROADBAND LLCmcccb-ex321_6.htm
EX-10.2 - EX-10.2 - MEDIACOM BROADBAND LLCmcccb-ex102_243.htm

Exhibit 12.1

 

 

Ratio of Earnings to Fixed Charges

 

 

 

Year ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

143,993

 

 

$

137,449

 

 

$

118,947

 

 

$

75,253

 

 

$

57,976

 

Interest expense, net

 

 

94,668

 

 

 

100,436

 

 

 

96,203

 

 

 

112,561

 

 

 

111,509

 

Amortization of capitalized interest

 

 

756

 

 

 

1,090

 

 

 

1,337

 

 

 

1,295

 

 

 

1,556

 

Amortization of debt issuance costs

 

 

6,909

 

 

 

6,132

 

 

 

5,332

 

 

 

5,109

 

 

 

4,345

 

Interest component of rent expense (1)

 

 

2,773

 

 

 

3,066

 

 

 

3,042

 

 

 

3,081

 

 

 

3,189

 

Earnings available for fixed charges

 

$

249,099

 

 

$

248,173

 

 

$

224,861

 

 

$

197,299

 

 

$

178,575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges and Preferred Dividends:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net

 

$

94,668

 

 

$

100,436

 

 

$

96,203

 

 

$

112,561

 

 

$

111,509

 

Capitalized interest

 

 

989

 

 

 

1,258

 

 

 

1,140

 

 

 

1,646

 

 

 

2,014

 

Amortization of debt issuance cost

 

 

6,909

 

 

 

6,132

 

 

 

5,332

 

 

 

5,109

 

 

 

4,345

 

Interest component of rent expense (1)

 

 

2,773

 

 

 

3,066

 

 

 

3,042

 

 

 

3,081

 

 

 

3,189

 

Preferred dividends

 

 

18,000

 

 

 

18,000

 

 

 

18,000

 

 

 

18,000

 

 

 

18,000

 

Total fixed charges and preferred dividends

 

$

123,339

 

 

$

128,892

 

 

$

123,717

 

 

$

140,397

 

 

$

139,057

 

Raito of earnings over fixed charges and preferred

   dividends

 

 

2.02

 

 

 

1.93

 

 

 

1.82

 

 

 

1.41

 

 

 

1.28

 

 

(1)

A reasonable approximation (one-third) is deemed to be the interest factor included in rental expense.