TransDigm Group INC - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - November 13, 2015

Attached files

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EX-32.1 - EXHIBIT 32.1 - TransDigm Group INCexhibit321tdg2015-09x30.htm
EX-32.2 - EXHIBIT 32.2 - TransDigm Group INCexhibit322tdg2015-09x30.htm
EX-31.1 - EXHIBIT 31.1 - TransDigm Group INCexhibit311tdg2015-09x30.htm
EX-10.52 - EXHIBIT 10.52 - TransDigm Group INCexhibit1052secondamendme.htm
EX-10.53 - EXHIBIT 10.53 - TransDigm Group INCexhibit1053thirdamendmen.htm
EX-10.51 - EXHIBIT 10.51 - TransDigm Group INCexhibit1051firstamendmen.htm
EX-3.113 - EXHIBIT 3.113 - TransDigm Group INCexhibit3113articlesofinc.htm
EX-10.49 - EXHIBIT 10.49 - TransDigm Group INCexhibit1049transdigmsupple.htm
EX-3.115 - EXHIBIT 3.115 - TransDigm Group INCexhibit3115restatedby-laws.htm
EX-4.17 - EXHIBIT 4.17 - TransDigm Group INCexhibit417tdg-thirdsupplem.htm
EX-4.13 - EXHIBIT 4.13 - TransDigm Group INCexhibit413tdg-fourthsupple.htm
EX-4.21 - EXHIBIT 4.21 - TransDigm Group INCexhibit421tdg-thirdsupplem.htm
EX-4.8 - EXHIBIT 4.8 - TransDigm Group INCexhibit48tdg-sixthsuppleme.htm
EX-23.1 - EXHIBIT 23.1 - TransDigm Group INCexhibit231consentofindepen.htm
EX-4.24 - EXHIBIT 4.24 - TransDigm Group INCexhibit424tdg-secondsupple.htm
EX-21.1 - EXHIBIT 21.1 - TransDigm Group INCexhibit211subsidiarylisting.htm
10-K - TDG 2015-09-30 10-K - TransDigm Group INCtdg2015-09x3010k.htm
EX-3.114 - EXHIBIT 3.114 - TransDigm Group INCexhibit3114certofamend.htm
EX-31.2 - EXHIBIT 31.2 - TransDigm Group INCexhibit312tdg2015-09x30.htm


Exhibit 12.1

TRANSDIGM GROUP INCORPORATED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in Thousands)


 
Fiscal Year Ended September 30,
 
2015
 
2014
 
2013
 
2012
 
2011
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
Total earnings from continuing operations
$
447,200

 
$
306,910

 
$
302,789

 
$
324,969

 
$
152,225

Income tax provision
189,600

 
141,600

 
145,700

 
162,900

 
77,200

Pre Tax Earnings
636,800

 
448,510

 
448,489

 
487,869

 
229,425

Fixed charges:
 
 
 
 
 
 
 
 
 
Interest charges
418,785

 
347,688

 
270,685

 
211,906

 
185,256

Interest factor of operating rents
4,631

 
3,979

 
3,026

 
2,602

 
1,959

Total fixed charges
423,416

 
351,667

 
273,711

 
214,508

 
187,215

Earnings as adjusted
$
1,060,216

 
$
800,177

 
$
722,200

 
$
702,377

 
$
416,640

Ratio of earnings to fixed charges(1)
2.5

 
2.3

 
2.6

 
3.3

 
2.2


(1) For purposes of computing the ratio of earnings to fixed charges, earnings consist of earnings before income taxes plus fixed charges. Fixed charges consist of interest expense, amortization of debt issuance costs and the portion (approximately 33%) of rental expense that management believes is representative of the interest component of rental expense.



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