Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - CDW Corp | d10k.htm |
| EX-4.5 - FORM OF GLOBAL FIXED RATE SENIOR NOTE - CDW Corp | dex45.htm |
| EX-4.6 - FORM OF GLOBAL FIXED RATE SENIOR PIK NOTE - CDW Corp | dex46.htm |
| EX-4.11 - FORM OF GLOBAL FIXED RATE SENIOR SUBORDINATED NOTE - CDW Corp | dex411.htm |
| EX-21.1 - LIST OF SUBSIDIARIES - CDW Corp | dex211.htm |
| EX-32.2 - CERTIFICATION - CDW Corp | dex322.htm |
| EX-32.1 - CERTIFICATION - CDW Corp | dex321.htm |
| EX-31.2 - CERTIFICATION - CDW Corp | dex312.htm |
| EX-31.1 - CERTIFICATION - CDW Corp | dex311.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(unaudited)
| Predecessor | Successor | |||||||||||||||||||||||
| (in millions) | Year
ended December 31, 2006 |
Period
from January 1, 2007 to October 11, 2007 |
Period
from October 12, 2007 to December 31, 2007 |
Year ended December 31, |
||||||||||||||||||||
| 2008 | 2009 | 2010 | ||||||||||||||||||||||
| Computation of earnings: |
||||||||||||||||||||||||
| Income (loss) before income taxes and adjustment for (income) loss from equity investees |
$ | 414.4 | $ | 286.4 | $ | (58.8 | ) | $ | (1,777.2 | ) | $ | (461.2 | ) | $ | (37.1 | ) | ||||||||
| Distributed income from equity investees |
— | — | — | — | — | 0.2 | ||||||||||||||||||
| Fixed charges |
5.0 | 4.6 | 105.8 | 397.3 | 413.1 | 420.7 | ||||||||||||||||||
| Total earnings |
$ | 419.4 | $ | 291.0 | $ | 47.0 | $ | (1,379.9 | ) | $ | (48.1 | ) | $ | 383.8 | ||||||||||
| Computation of fixed charges: |
||||||||||||||||||||||||
| Interest on debt obligations |
$ | — | $ | — | $ | 91.1 | $ | 351.8 | $ | 389.3 | $ | 394.7 | ||||||||||||
| Amortization of debt issuance costs |
— | — | 13.4 | 38.6 | 16.2 | 18.0 | ||||||||||||||||||
| Portion of rent expense representative of interest (1) |
5.0 | 4.6 | 1.3 | 6.9 | 7.6 | 8.0 | ||||||||||||||||||
| Total fixed charges |
$ | 5.0 | $ | 4.6 | $ | 105.8 | $ | 397.3 | $ | 413.1 | $ | 420.7 | ||||||||||||
| Ratio of earnings to fixed charges |
84x | 63x | (2 | ) | (2 | ) | (2 | ) | (2 | ) | ||||||||||||||
| (1) | Imputed interest on operating leases is estimated to be approximately one-third of rent expense. |
| (2) | For the period from October 12, 2007 to December 31, 2007 and the years ended December 31, 2008, 2009 and 2010, earnings available for fixed charges were inadequate to cover fixed charges by $58.8 million, $1,777.2 million, $461.2 million and $37.0 million, respectively. |