EXHIBIT 12
CC HOLDINGS GS V LLC
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND
EARNINGS TO COMBINED FIXED CHARGES
(DOLLARS IN THOUSANDS)
Years Ended December 31, | |||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||
Computation of earnings: | |||||||||||||||||||
Income (loss) before income taxes | $ | 105,376 | $ | 16,681 | $ | 29,190 | $ | (2,202 | ) | $ | (142,458 | ) | |||||||
Add: | |||||||||||||||||||
Fixed charges (as computed below) | 105,145 | 149,766 | 144,194 | 142,256 | 138,465 | ||||||||||||||
$ | 210,521 | $ | 166,447 | $ | 173,384 | $ | 140,054 | $ | (3,993 | ) | |||||||||
Computation of fixed charges and combined fixed charges: | |||||||||||||||||||
Interest expense | $ | 50,824 | $ | 91,881 | $ | 93,000 | $ | 93,000 | $ | 91,773 | |||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 7,551 | 12,317 | 5,955 | 5,498 | 3,608 | ||||||||||||||
Interest component of operating lease expense | 46,770 | 45,568 | 45,239 | 43,758 | 43,084 | ||||||||||||||
Fixed charges | 105,145 | 149,766 | 144,194 | 142,256 | 138,465 | ||||||||||||||
Ratio of earnings to fixed charges | 2.0 | 1.1 | 1.2 | — | — | ||||||||||||||
(Deficiency) excess of earnings to cover fixed charges | $ | 105,376 | $ | 16,681 | $ | 29,190 | $ | (2,202 | ) | $ | (142,458 | ) |