Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - B/E AEROSPACE INC | a12-6851_18k.htm |
| EX-4.1 - SUPPLEMENTAL INDENTURE - B/E AEROSPACE INC | a12-6851_1ex4d1.htm |
| EX-5.1 - OPINION - B/E AEROSPACE INC | a12-6851_1ex5d1.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - B/E AEROSPACE INC | a12-6851_1ex1d1.htm |
Exhibit 12.1
BE Aerospace, Inc.
Computation of Ratio of Earnings to Fixed Charges
(unaudited)
(dollars in millions, except ratios)
|
|
|
Fiscal Year Ended |
| |||||||||||||
|
|
|
12/31/2011 |
|
12/31/2010 |
|
12/31/2009 |
|
12/31/2008 |
|
12/31/2007 |
| |||||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Earnings (loss) before income taxes |
|
$ |
323.0 |
|
$ |
211.4 |
|
$ |
204.6 |
|
$ |
(87.8 |
) |
$ |
215.1 |
|
|
Fixed charges, excluding capitalized interest |
|
106.6 |
|
93.7 |
|
90.5 |
|
51.2 |
|
25.0 |
| |||||
|
Total Earnings |
|
$ |
429.6 |
|
$ |
305.1 |
|
$ |
295.1 |
|
$ |
(36.6 |
) |
$ |
240.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Interest Expense |
|
$ |
99.3 |
|
$ |
85.9 |
|
$ |
82.2 |
|
$ |
45.8 |
|
$ |
22.3 |
|
|
Rental expenses representative of an interest factor |
|
1.1 |
|
1.0 |
|
1.7 |
|
1.5 |
|
1.5 |
| |||||
|
Capitalized Interest |
|
0.9 |
|
— |
|
— |
|
— |
|
— |
| |||||
|
Amortization of deferred debt issuance costs and discount |
|
6.2 |
|
6.8 |
|
6.6 |
|
3.9 |
|
1.2 |
| |||||
|
Total Fixed Charges |
|
$ |
107.5 |
|
$ |
93.7 |
|
$ |
90.5 |
|
$ |
51.2 |
|
$ |
25.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Ratio of earnings to total fixed charges |
|
4.0 |
|
3.3 |
|
3.3 |
|
|
* |
9.6 |
| |||||
* For the fiscal year ended December 31, 2008, our earnings were insufficient to cover our fixed charges by $87.8 million.