Affinion Group, Inc. - FORM 10-K - EX-12.1 - STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 26, 2010

Attached files

file filename
10-K - FORM 10-K - Affinion Group, Inc.d10k.htm
EX-32 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 - Affinion Group, Inc.dex32.htm
EX-21.1 - SUBSIDIARIES OF AFFINION GROUP, INC. - Affinion Group, Inc.dex211.htm
EX-31.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - Affinion Group, Inc.dex311.htm
EX-10.24 - EMPLOYMENT AGREEMENT - LEONARD P. CIRIELLO - Affinion Group, Inc.dex1024.htm
EX-10.22 - EMPLOYMENT AGREEMENT - STEVEN UPSHAW - Affinion Group, Inc.dex1022.htm
EX-10.20 - AMENDMENT TO EMPLOYMENT AGREEMENT - ROBERT ROONEY - Affinion Group, Inc.dex1020.htm
EX-31.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - Affinion Group, Inc.dex312.htm

Exhibit 12.1

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

(Unaudited)

 

     Period from
January 1,
2005 to
October 16,
2005		    Period from
October 17,
2005 to
December 31,
2005		     Year Ended
December 31,
2006		     Year Ended
December 31,
2007		     Year Ended
December 31,
2008		     Year Ended
December 31,
2009		  

Earnings:

              

Income (loss) before income taxes and non-controlling interests

    $ 79.0    $ (136.2 )    $ (431.6 )    $ (186.1 )    $ (80.5 )    $ (37.4 ) 

Fixed charges

      5.3      33.0        153.6        149.5        147.3       134.2   
                                               

Earnings adjusted for fixed charges

    $ 84.3    $ (103.2 )    $ (278.0 )    $ (36.6 )    $ 66.8      $ 96.8   
                                               

Fixed charges:

              

Interest expense (note no interest capitalized)

    $ 0.5    $ 31.9      $ 148.8      $ 145.2      $ 142.9      $ 129.7   

Portion of rent expense representative of interest (1)

      4.8      1.1        4.8        4.3        4.4        4.5   
                                               

Total fixed charges

    $ 5.3    $ 33.0      $ 153.6      $ 149.5      $ 147.3      $ 134.2   
                                               

Ratio of earnings to fixed charges (2)

      15.9x      —          —          —          —          —     
                                               

 

(1) One third of rent expense is deemed to be representative of interest.
(2) Our earnings were insufficient to cover fixed charges by $136.2 million for the period from October 17, 2005 to December 31, 2005, and by $431.6 million, $186.1 million, $80.5 million and $37.4 for the years ended December 31, 2006, 2007, 2008 and 2009, respectively.

Affinion Group, Inc. Reports