Exhibit 12.1
Zayo Group Holdings, Inc.
Ratio of Earnings to Fixed Charges
(dollars in million)
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Three months |
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For the Year ended June 30, |
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2017 |
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2017 |
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2016 |
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2015 |
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2014 |
|
2013 |
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Calculation of Earnings |
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Income/(loss) from operations before income taxes |
|
$ |
28.6 |
|
$ |
104.1 |
|
$ |
(67.7 |
) |
$ |
(164.1 |
) |
$ |
(144.3 |
) |
$ |
(169.8 |
) |
|
Fixed Charges |
|
78.3 |
|
258.2 |
|
232.9 |
|
225.8 |
|
214.8 |
|
213.4 |
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Earnings Before Income Taxes and Fixed Charges |
|
$ |
106.9 |
|
$ |
362.3 |
|
$ |
165.2 |
|
$ |
61.7 |
|
$ |
70.5 |
|
$ |
43.6 |
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Calculation of Fixed Charges |
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Interest Expense, net of capitalized interest |
|
73.6 |
|
241.5 |
|
220.1 |
|
214.0 |
|
203.5 |
|
202.5 |
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Interest Factor in Rental Expense (1) |
|
4.7 |
|
16.7 |
|
12.8 |
|
11.8 |
|
11.3 |
|
10.9 |
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Total Fixed Charges |
|
$ |
78.3 |
|
$ |
258.2 |
|
$ |
232.9 |
|
$ |
225.8 |
|
$ |
214.8 |
|
$ |
213.4 |
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Ratio of Earnings to Fixed Charges |
|
1.37 |
|
1.40 |
|
— |
|
— |
|
— |
|
— |
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Deficiency |
|
n/a |
|
n/a |
|
$ |
(67.7 |
) |
$ |
(164.1 |
) |
$ |
(144.3 |
) |
$ |
(169.8 |
) | ||
(1) The portion of total rental expense that represents the interest factor is estimated to be 12.5%.