Goodman Global Inc - FORM 10-K - EX-12.1 - STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - March 12, 2010

Attached files

file filename
10-K - FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2009 - Goodman Global Incd10k.htm
EX-31.2 - SECTION 302 CERTIFICATION OF CFO - Goodman Global Incdex312.htm
EX-10.4 - FIRST AMENDMENT TO REVOLVING CREDIT AGREEMENT - Goodman Global Incdex104.htm
EX-10.2 - FIRST AMENDMENT TO TERM LOAN CREDIT AGREEMENT - Goodman Global Incdex102.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - Goodman Global Incdex211.htm
EX-31.1 - SECTION 302 CERTIFICATION OF CEO - Goodman Global Incdex311.htm
EX-32.1 - SECTION 906 CERTIFICATION OF CEO AND CFO - Goodman Global Incdex321.htm

Exhibit 12.1

Goodman Global, Inc.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

     Predecessor     Successor  
     Year Ended December 31,     January 1 to
February 13,
     February 14 to
December 31,
     Year Ended
December 31,		  
     2005     2006     2007     2008     2008     2009  

Earnings:

               

Income (loss) from continuing operations before income taxes

    $ 40,697      $ 98,355      $ 161,556      $ (93,857 )    $ 41,889      $ 160,648   

Fixed charges

      78,450        83,531        74,024        57,283        140,820        141,129   

Capitalized Interest

      (879 )      (1,347 )      (385 )      —          (202 )      (761 ) 
                                                

Total adjustments

      77,571        82,184        73,639        57,283        140,618        140,368   
                                                

Earnings adjusted for fixed charges

    $ 118,268      $ 180,539      $ 235,195      $ (36,574 )    $ 182,507      $ 301,016   
                                                

Fixed charges:

               

Interest expense

    $ 74,213      $ 77,825      $ 68,378      $ 56,176      $ 135,616      $ 134,767   

Capitalized Interest

      879        1,347        385        —          202        761   

Portion of rent expense representative of interest

      3,358        4,359        5,261        1,107        5,002        5,601   
                                                

Total fixed charges

    $ 78,450      $ 83,531      $ 74,024      $ 57,283      $ 140,820      $ 141,129   
                                                

Ratio of earnings to fixed charges

      1.5        2.2        3.2        —   (1)          1.3        2.1   
                                                

 

(1) For the period January 1 to February 13, 2008, earnings were not adequate to cover fixed charges by $93.9 million.

Goodman Global Inc Reports