Attached files

file filename
8-K - FORM 8-K - SCOTTS MIRACLE-GRO COl38498e8vk.htm
EX-5.1 - EX-5.1 - SCOTTS MIRACLE-GRO COl38498exv5w1.htm
EX-4.2 - EX-4.2 - SCOTTS MIRACLE-GRO COl38498exv4w2.htm
EX-1.1 - EX-1.1 - SCOTTS MIRACLE-GRO COl38498exv1w1.htm
EX-4.1 - EX-4.1 - SCOTTS MIRACLE-GRO COl38498exv4w1.htm
EX-99.1 - EX-99.1 - SCOTTS MIRACLE-GRO COl38498exv99w1.htm
EX-99.2 - EX-99.2 - SCOTTS MIRACLE-GRO COl38498exv99w2.htm
Exhibit 12.1
          The Scotts Miracle-Gro Company
          Computation of Ratio of Earnings to Fixed Charges
                                                 
($ IN MILLIONS)   For the Fiscal Year Ended September 30,  
    2009(1)     2009     2008     2007     2006     2005  
    (As Adjusted)                                          
Earnings:
                                               
Add:
                                               
Income before income taxes
  $ 199.3     $ 210.7     $ 15.8     $ 188.1     $ 212.9     $ 158.1  
Other (2)
    0.8       0.8       0.7       (0.5 )     0.3       0.1  
Fixed charges
    90.1       78.7       105.3       96.2       61.1       61.2  
Deduct:
                                               
Capitalized interest
    (0.4 )     (0.4 )     (0.4 )     (0.4 )     (0.4 )     (0.4 )
 
                                   
Earnings
  $ 289.8     $ 289.8     $ 121.4     $ 283.4     $ 273.9     $ 219.0  
 
                                   
 
                                               
Fixed Charges:
                                               
Interest expense
  $ 67.8     $ 56.4     $ 82.2     $ 70.7     $ 39.6     $ 41.5  
Portion of rent expense representative of interest factor (33%)
    21.9       21.9       22.7       25.1       21.1       19.3  
Capitalized interest
    0.4       0.4       0.4       0.4       0.4       0.4  
 
                                   
Fixed Charges
  $ 90.1     $ 78.7     $ 105.3     $ 96.2     $ 61.1     $ 61.2  
 
                                   
 
                                               
Ratio of Earnings to Fixed Charges
    3.2       3.7       1.2       2.9       4.5       3.6  
 
(1)   As adjusted for the issuance of our 7.25% Senior Notes due 2018 and the application of the net proceeds of such issuance to repay borrowings under our senior secured revolving credit facility.
 
(2)   Includes amortization of capitalized interest, adjustments for minority interests in consolidated subsidiaries and distributed earnings of equity method investees.