Exhibit 12.1
ATLANTIC TELE-NETWORK, INC.
RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth the calculation of the ratio of earnings to fixed charges for the periods indicated.
(In Thousands)
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| Six Months |
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| Year Ended December 31, |
| June 30, |
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| 2008 |
| 2009 |
| 2010 |
| 2011 |
| 2012 |
| 2013 |
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Earnings, calculated as follows: |
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Add the following: |
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Pre-tax income from continuing operations before adjustment for income or loss from equity investees |
| 68,587 |
| 67,743 |
| 56,446 |
| 39,437 |
| 88,089 |
| 33,440 |
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Fixed Charges |
| 5,183 |
| 7,218 |
| 16,073 |
| 38,470 |
| 34,322 |
| 15,280 |
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Distributed Income from Equity Investees |
| 1,106 |
| — |
| — |
| — |
| — |
| — |
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Subtotal |
| 74,876 |
| 74,961 |
| 72,519 |
| 77,907 |
| 122,411 |
| 48,720 |
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Subtract the following: |
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Interest Capitalized |
| — |
| 712 |
| 2,650 |
| 1,916 |
| 1,041 |
| 528 |
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Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges |
| 8,631 |
| 8,269 |
| 2,355 |
| (465 | ) | 3,954 |
| 4,461 |
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Subtotal |
| 8,631 |
| 8,981 |
| 5,005 |
| 1,451 |
| 4,995 |
| 4,989 |
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Total Earnings |
| 66,245 |
| 65,980 |
| 67,514 |
| 76,457 |
| 117,415 |
| 43,731 |
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Fixed Charges, calculated as follows: |
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Add the following: |
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Interest expensed and capitalized: |
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Expensed |
| 3,144 |
| 3,706 |
| 9,956 |
| 17,370 |
| 14,124 |
| 5,174 |
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Capitalized |
| — |
| 712 |
| 2,650 |
| 1,916 |
| 1,041 |
| 528 |
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Estimate of interest within rental expense |
| 2,039 |
| 2,800 |
| 3,467 |
| 19,184 |
| 19,157 |
| 9,578 |
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Total Fixed Charges |
| 5,183 |
| 7,218 |
| 16,073 |
| 38,470 |
| 34,322 |
| 15,280 |
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Ratio of Earnings to Fixed Charges |
| 12.8 | x | 9.1 | x | 4.2 | x | 2.0 | x | 3.4 | x | 2.9 | x |