EX-12.1 3 a14-14433_1ex12d1.htm EX-12.1

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)

		Year Ended December 31,															Three Months Ended March 31,
		2009			2010			2011			2012			2013			2013			2014
Earnings, calculated as follows:
Add the following:
Pre-tax income from continuing operations before adjustment for income or loss from equity investees		$	67,743		$	27,372		$	26,295		$	44,796		$	46,473		$	9,829		$	15,953
Fixed Charges		7,215			12,045			22,141			18,859			17,501			3,514			1,520
Subtotal		74,958			39,417			48,436			63,655			63,974			13,343			17,473
Subtract the following:
Interest Capitalized		709			1,121			224			261			421			90			—
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges		4,179			1,488			3,802			9,499			13,128			3,301			2,760
Subtotal		4,889			2,609			4,026			9,760			13,549			3,391			2,760
Total Earnings		$	70,070		$	36,808		$	44,409		$	53,895		$	50,425		$	9,953		$	14,713
Fixed Charges, calculated as follows:
Add the following:
Interest expensed and capitalized:
Expensed		$	3,706		$	9,934		$	17,301		$	13,981		$	12,785		$	2,351		$	414
Capitalized		709			1,121			224			261			421			90			—
Estimate of interest within rental expense		2,800			990			4,615			4,617			4,296			1,074			1,106
Total Fixed Charges		$	7,215		$	12,045		$	22,141		$	18,859		$	17,501		$	3,514		$	1,520
Ratio of Earnings to Fixed Charges		9.7		x	3.1		x	2.0		x	2.9		x	2.9		x	2.8		x	9.7		x