Attached files
| file | filename |
|---|---|
| S-1/A - S-1/A - ACCURIDE CORP | a10-10873_1s1a.htm |
| EX-5.1 - EX-5.1 - ACCURIDE CORP | a10-10873_1ex5d1.htm |
| EX-23.1 - EX-23.1 - ACCURIDE CORP | a10-10873_1ex23d1.htm |
Exhibit 12.1
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Predecessor
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Predecessor |
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Successor |
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(in thousands, except for ratios) |
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2005 |
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2006 |
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2007 |
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2008 |
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2009 |
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2010 |
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2010 |
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Earnings: |
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Net income |
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$ |
51,229 |
|
$ |
65,133 |
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$ |
(8,639 |
) |
$ |
(328,266 |
) |
$ |
(140,112 |
) |
$ |
50,802 |
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|
(46,518 |
) |
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Income tax (expense)/benefit |
|
(28,209 |
) |
(28,619 |
) |
3,131 |
|
4,598 |
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(2,384 |
) |
1,534 |
|
|
(343 |
) |
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Income before income tax |
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79,438 |
|
93,752 |
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(11,770 |
) |
(332,864 |
) |
(137,728 |
) |
49,268 |
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|
(46,175 |
) |
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Add: Fixed charges (per below) |
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66,643 |
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50,910 |
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48,344 |
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51,400 |
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59,753 |
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7,496 |
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|
13,730 |
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Total earnings available for fixed charges |
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146,081 |
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144,662 |
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36,574 |
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(281,464 |
) |
(77,975 |
) |
56,764 |
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(32,445 |
) |
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Fixed charges: |
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Fixed charges (interest expense, net) |
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66,643 |
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50,910 |
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48,344 |
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51,400 |
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59,753 |
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7,496 |
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13,730 |
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Ratio of earnings to fixed charges(1) |
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2.19 |
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2.84 |
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0.76(2) |
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—(2) |
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—(2) |
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7.57 |
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—(3) |
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(1) The term “fixed charges” means the sum of (a) interest expensed and capitalized and (b) amortized premiums, discounts and capitalized expenses related to indebtedness. The term “earnings” means the sum of (a) pre-tax income from continuing operations and (b) fixed charges.
(2) Earnings were inadequate to cover fixed charges by $11.8 million, $332.9 million, $137.7 million for the years ended December 31, 2007, 2008 and 2009, respectively.
(3) Earnings were inadequate to cover fixed charges by $46.2 million for the Successor Period from February 26, 2010 through June 30, 2010.