Attached files
file | filename |
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10-K - FORM 10-K - Spirit AeroSystems Holdings, Inc. | d70902e10vk.htm |
EX-31.1 - EX-31.1 - Spirit AeroSystems Holdings, Inc. | d70902exv31w1.htm |
EX-31.2 - EX-31.2 - Spirit AeroSystems Holdings, Inc. | d70902exv31w2.htm |
EX-23.1 - EX-23.1 - Spirit AeroSystems Holdings, Inc. | d70902exv23w1.htm |
EX-21.1 - EX-21.1 - Spirit AeroSystems Holdings, Inc. | d70902exv21w1.htm |
EX-32.1 - EX-32.1 - Spirit AeroSystems Holdings, Inc. | d70902exv32w1.htm |
EX-32.2 - EX-32.2 - Spirit AeroSystems Holdings, Inc. | d70902exv32w2.htm |
Exhibit 12.1
Spirit AeroSystems Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
Computation of Ratio of Earnings to Fixed Charges
Spirit Holdings | Predecessor | ||||||||||||||||||||||||
Period from | |||||||||||||||||||||||||
June 17, 2005 | Period from | ||||||||||||||||||||||||
Twelve Months Ended | through | January 1, | |||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December | 2005 through | ||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 29,2005 | June 16, 2005 | ||||||||||||||||||||
Earnings |
|||||||||||||||||||||||||
Pre-tax income from continuing operations
before adjustment for noncontrolling
interests in consolidated subsidiaries or
income or loss from equity investees |
$ | 272.8 | $ | 383.9 | $ | 419.8 | $ | (71.5 | ) | $ | (76.6 | ) | N/A | ||||||||||||
Add: Fixed Charge (from below) |
54.0 | 47.0 | 46.6 | 62.1 | 29.4 | N/A | |||||||||||||||||||
Add: Amortization of capitalized interest |
2.3 | 1.5 | 1.0 | 0.2 | | N/A | |||||||||||||||||||
Add: Distributed income of equity investee |
(0.2 | ) | | | | | N/A | ||||||||||||||||||
Subtract Capitalized interest expense |
7.1 | 5.4 | 7.5 | 10.3 | 3.0 | N/A | |||||||||||||||||||
321.8 | 427.0 | 459.9 | (19.5 | ) | (50.2 | ) | N/A | ||||||||||||||||||
N/A | |||||||||||||||||||||||||
Fixed charges: |
N/A | ||||||||||||||||||||||||
Interest expense (including amortization
of debt issuance costs, debt discounts and
premiums) |
43.6 | 39.2 | 36.8 | 50.1 | 25.5 | N/A | |||||||||||||||||||
Add: Capitalized interest expense |
7.1 | 5.4 | 7.5 | 10.3 | 3.0 | N/A | |||||||||||||||||||
Add: Portion of rentals representing
interest (1/3 of Operating Lease Payments) |
3.3 | 2.4 | 2.3 | 1.7 | 0.9 | N/A | |||||||||||||||||||
$ | 54.0 | $ | 47.0 | $ | 46.6 | $ | 62.1 | $ | 29.4 | N/A | |||||||||||||||
N/A | |||||||||||||||||||||||||
Ratio of earnings to fixed charges |
6.0 | 9.1 | 9.9 | A | B | N/A |
A. | Due to the registrants loss in 2006, the ratio coverage was less than 1:1. The registrant must generate additional earnings of $81.6 to achieve a coverage ratio of 1:1. | |
B. | Due to the registrants loss in 2005, the ratio coverage was less than 1:1. The registrant must generate additional earnings of $79.6 to achieve a coverage ratio of 1:1. |