Attached files
file | filename |
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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, |
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2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Fixed Charges: |
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Interest expense |
$ | 161,339 | $ | 147,511 | $ | 114,476 | $ | 12,645 | $ | 106,620 | $ | 102,069 | ||||||||||||
Capitalized interest |
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Portion of rental expense which represents interest factor(1) |
5,047 | 3,624 | 2,028 | 217 | 1,649 | 1,676 | ||||||||||||||||||
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Total Fixed Charges |
$ | 166,386 | $ | 151,135 | $ | 116,504 | $ | 12,862 | $ | 108,269 | $ | 103,745 | ||||||||||||
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Earnings Available for Fixed Charges: |
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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 | ||||||||||||||||||
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Total earnings available for fixed charges |
$ | (112,370 | ) | $ | (87,011 | ) | $ | (4,417 | ) | $ | (27,927 | ) | $ | (41,399 | ) | $ | 40,557 | |||||||
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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 | ) | ||||||
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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 |