Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - GENERAL CABLE CORP /DE/ | Financial_Report.xls |
| EX-32.1 - EXHIBIT 32.1 - GENERAL CABLE CORP /DE/ | bgc-2014926_exhibit321.htm |
| EX-31.1 - EXHIBIT 31.1 - GENERAL CABLE CORP /DE/ | bgc-2014926_exhibit311.htm |
| EX-31.2 - EXHIBIT 31.2 - GENERAL CABLE CORP /DE/ | bgc-2014926_exhibit312.htm |
| 10-Q - 10-Q - GENERAL CABLE CORP /DE/ | bgc-2014926.htm |
| EX-10.23.6 - EXHIBIT 10.23.6 - GENERAL CABLE CORP /DE/ | bgc-2014926_exhibit10236.htm |
Exhibit 12.1
GENERAL CABLE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(in millions)
Nine months ended September 26, | Year ended December 31, | ||||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||
EARNINGS AS DEFINED | |||||||||||||||||||||||
Earnings (loss) from operations before income taxes and before adjustments for minority interests in consolidated subsidiaries and after eliminating undistributed earnings of equity method investees | $ | (495.6 | ) | $ | 27.0 | $ | 86.9 | $ | 91.4 | $ | 108.1 | $ | 79.9 | ||||||||||
Preferred stock dividend (pre-tax equivalent) | — | (0.3 | ) | (0.3 | ) | (0.3 | ) | (0.3 | ) | (0.3 | ) | ||||||||||||
Fixed charges | 94.3 | 137.0 | 114.6 | 104.7 | 82.1 | 92.7 | |||||||||||||||||
TOTAL EARNINGS, AS DEFINED | $ | (401.3 | ) | $ | 163.7 | $ | 201.2 | $ | 195.8 | $ | 189.9 | $ | 172.3 | ||||||||||
FIXED CHARGES, AS DEFINED | |||||||||||||||||||||||
Interest expense | $ | 82.9 | $ | 121.0 | $ | 103.5 | $ | 94.8 | $ | 73.7 | $ | 82.1 | |||||||||||
Amortization of capitalized expenses related to debt | 2.7 | 3.9 | 3.3 | 4.4 | 3.3 | 4.5 | |||||||||||||||||
Preferred stock dividend (pre-tax equivalent) | — | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | |||||||||||||||||
Interest component of rent expense | 8.7 | 11.8 | 7.5 | 5.2 | 4.8 | 5.8 | |||||||||||||||||
TOTAL FIXED CHARGES, AS DEFINED | $ | 94.3 | $ | 137.0 | $ | 114.6 | $ | 104.7 | $ | 82.1 | $ | 92.7 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | (4.3 | ) | 1.2 | 1.8 | 1.9 | 2.3 | 1.9 | ||||||||||||||||