EX-12.1 4 a2114226zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1

UTStarcom Inc.
Ratio of Earnings to Fixed Charges

 
   Year ended
December 31,
   Six Months
Ended
June 30,
  
 
   1998
   1999
   2000
   2001
   2002
   2002
   2003
  
Earnings                                            

Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees
 
$
1,102
 
$
15,855
 
$
44,321
 
$
78,099
 
$
136,272
 
$
56,320
 
$
105,060
 
Income/(loss) from equity investees     (773 )   1,348     (288 )   (2,962 )   (4,053 )   (799 )   (2,720 )
   
 
 
 
 
 
 
 
Total Earnings     4,399     18,164     48,653     86,237     143,743     58,462     109,312  

Fixed charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense and amortization of debt issuance costs     1,924     3,057     3,311     3,909     1,251     1,135     2,849  
One-third of rental expense     600     600     733     1,267     2,167     1,007     1,403  
   
 
 
 
 
 
 
 
Total fixed charges     2,524     3,657     4,044     5,176     3,418     2,142     4,252  

Ratio of Earnings to fixed charges
 
 
1.74
 
 
4.97
 
 
12.03
 
 
16.66
 
 
42.06
 
 
27.29
 
 
25.71
 


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