MASTEC INC - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - August 7, 2015

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file filename
10-Q - 10-Q - MASTEC INCmtz03311510-q.htm
EX-31.1 - EXHIBIT 31.1 - MASTEC INCmtz03311510-qex311.htm
EX-32.1 - EXHIBIT 32.1 - MASTEC INCmtz03311510-qex321.htm
EX-32.2 - EXHIBIT 32.2 - MASTEC INCmtz03311510-qex322.htm
EX-31.2 - EXHIBIT 31.2 - MASTEC INCmtz3311510-qex312.htm


                                    Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollar amounts in thousands)
 
For the Three Months Ended March 31,
 
2015
 
2014
 
 
 
As Restated
Earnings:
 
 
 
(Loss) income from continuing operations before income taxes
$
(10,740
)
 
$
19,753

Add: Fixed charges
32,392

 
33,331

Less: Undistributed earnings (losses) from equity method investees
(585
)
 
—

Total earnings
$
22,237

 
$
53,084

Fixed charges:
 
 
 
Interest expense
$
11,414

 
$
12,040

Estimate of interest expense within rental expense
20,978

 
21,291

Total fixed charges
$
32,392

 
$
33,331

Ratio of earnings to fixed charges
0.7

 
1.6




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