Attached files

file filename
EX-10.17 - EX-10.17 - APX Group Holdings, Inc.d11152dex1017.htm
EX-10.20 - EX-10.20 - APX Group Holdings, Inc.d11152dex1020.htm
EX-31.1 - EX-31.1 - APX Group Holdings, Inc.d11152dex311.htm
EX-21.1 - EX-21.1 - APX Group Holdings, Inc.d11152dex211.htm
EX-31.2 - EX-31.2 - APX Group Holdings, Inc.d11152dex312.htm
EX-99.1 - EX-99.1 - APX Group Holdings, Inc.d11152dex991.htm
EX-32.2 - EX-32.2 - APX Group Holdings, Inc.d11152dex322.htm
EX-10.18 - EX-10.18 - APX Group Holdings, Inc.d11152dex1018.htm
EX-10.19 - EX-10.19 - APX Group Holdings, Inc.d11152dex1019.htm
10-K - 10-K - APX Group Holdings, Inc.d11152d10k.htm
EX-32.1 - EX-32.1 - APX Group Holdings, Inc.d11152dex321.htm

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Successor     Predecessor  
     Year Ended December 31,     Period from
November 17,
through
December 31,

2012
    Period from
January 1,
through
November 16,
    Year Ended
December 31,
 
     2015     2014     2013       2012     2011  
                 (in thousands)              

Fixed Charges:

              

Interest expense

   $ 161,339      $  147,511      $  114,476      $  12,645      $  106,620      $  102,069   

Capitalized interest

     —          —          —          —          —          —     

Portion of rental expense which represents interest factor(1)

     5,047        3,624        2,028        217        1,649        1,676   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Charges

   $ 166,386      $  151,135      $  116,504      $  12,862      $  108,269      $  103,745   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings Available for Fixed Charges:

              

Pretax loss from continuing operations

   $ (278,756   $ (238,146   $ (120,921   $ (41,005   $ (149,674   $ (63,227

Distributed equity income of affiliated companies

     —          —          —          216        6        39   

Add: Fixed Charges

     166,386        151,135        116,504        12,862        108,269        103,745   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings available for fixed charges

   $ (112,370   $ (87,011   $ (4,417   $ (27,927   $ (41,399   $ 40,557   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings for the period were insufficient to cover fixed charges by the following amounts:

   $ (278,756   $ (238,146   $ (120,921   $ (40,789   $ (149,668   $ (63,188
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges(2)

     NM        NM        NM        NM        NM        NM   

 

(1) Represents the portion of rental expense deemed to be attributable to interest
(2) NM - Not meaningful