Attached files
EXHIBIT 12.1
Jarden Corporation
Ratio of Earnings to Fixed Charges Calculation (A)
For the Years Ended December 31, | ||||||||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||
(in millions) | ||||||||||||||||
Earnings Before Fixed Charges: |
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Net income (loss) |
$ | 60.7 | $ | 106.0 | $ | 28.1 | $ | (58.9 | ) | $ | 128.7 | |||||
Add: Income tax provision |
35.0 | 82.0 | 38.5 | 26.3 | 110.5 | |||||||||||
Less/add: Equity (income) loss of minority-owned companies |
| | 0.2 | 0.1 | 0.1 | |||||||||||
Add: Amortization of capitalized interest |
| | 0.1 | 0.2 | 0.2 | |||||||||||
Add: Fixed charges |
98.1 | 130.8 | 173.9 | 206.3 | 176.8 | |||||||||||
Total earnings available for fixed charges |
$ | 193.8 | $ | 318.8 | $ | 240.8 | $ | 174.0 | $ | 416.3 | ||||||
Fixed Charges: |
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Interest expense |
$ | 84.2 | $ | 112.6 | $ | 149.7 | $ | 178.7 | $ | 147.5 | ||||||
Interest component of rental expense |
13.8 | 17.7 | 24.0 | 27.6 | 29.3 | |||||||||||
Total fixed charges before capitalized interest |
98.0 | 130.3 | 173.7 | 206.3 | 176.8 | |||||||||||
Capitalized interest |
| 0.5 | 0.2 | | | |||||||||||
Total Fixed Charges |
$ | 98.0 | $ | 130.8 | $ | 173.9 | $ | 206.3 | $ | 176.8 | ||||||
Ratio of Earnings to Fixed Charges |
2.0 | 2.4 | 1.4 | (B | ) | 2.4 |
(A) | | This Exhibit is provided as required by Item 503(d) of Regulation S-K solely because the Company has outstanding debt securities registered under the Securities Act of 1933, as amended. Neither the Companys registered debt securities nor its senior credit facility contains a ratio of earnings-to-fixed-charges covenant. | ||
(B) | | Due to the loss in 2008, additional net income of $32.3 is required to achieve a ratio of 1:1. |