Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - LEAR CORP | k50033e10vk.htm |
| EX-32.1 - EX-32.1 - LEAR CORP | k50033exv32w1.htm |
| EX-31.2 - EX-31.2 - LEAR CORP | k50033exv31w2.htm |
| EX-32.2 - EX-32.2 - LEAR CORP | k50033exv32w2.htm |
| EX-31.1 - EX-31.1 - LEAR CORP | k50033exv31w1.htm |
| EX-23.1 - EX-23.1 - LEAR CORP | k50033exv23w1.htm |
| EX-21.1 - EX-21.1 - LEAR CORP | k50033exv21w1.htm |
Exhibit 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In millions, except ratio of earnings to fixed charges)
| Two Month | Ten Month | |||||||||||||||||||||||
| Year Ended | Period Ended | Period Ended | ||||||||||||||||||||||
| December 31, | December 31, | November 7, | Year Ended December 31, | |||||||||||||||||||||
| 2010 | 2009 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Consolidated income (loss) before provision (benefit) for
income taxes, equity in net (income) loss of
afffiliates and
cumulative effect of a change in accounting principle |
$ | 448.8 | $ | (33.8 | ) | $ | 927.6 | $ | (541.4 | ) | $ | 323.2 | $ | (653.4 | ) | |||||||||
Fixed charges |
82.1 | 15.3 | 177.5 | 226.9 | 235.9 | 254.4 | ||||||||||||||||||
Distributed income of affiliates |
7.4 | 0.6 | 4.7 | 4.1 | 7.3 | 1.6 | ||||||||||||||||||
Earnings |
$ | 538.3 | $ | (17.9 | ) | $ | 1,109.8 | $ | (310.4 | ) | $ | 566.4 | $ | (397.4 | ) | |||||||||
Interest expense |
$ | 55.4 | $ | 11.1 | $ | 151.4 | $ | 190.3 | $ | 199.2 | $ | 209.8 | ||||||||||||
Portion of lease expense representative of interest |
26.7 | 4.2 | 26.1 | 36.6 | 36.7 | 44.6 | ||||||||||||||||||
Fixed charges |
$ | 82.1 | $ | 15.3 | $ | 177.5 | $ | 226.9 | $ | 235.9 | $ | 254.4 | ||||||||||||
Ratio of Earnings to Fixed Charges (1) |
6.6 | — | 6.3 | — | 2.4 | — | ||||||||||||||||||
Fixed Charges in Excess of Earnings |
$ | — | $ | 33.2 | $ | — | $ | 537.3 | $ | — | $ | 651.8 | ||||||||||||
| (1) | Earnings in the two month period ended December 31, 2009, and in the years ended December 31, 2008 and 2006, were not sufficient to cover fixed charges by $33.2 million, $537.3 million and $651.8 million, respectively. Accordingly, such ratios are not presented. |