Attached files

file filename
10-K - 10-K - TransDigm Group INCtdg2017-09x3010xk.htm
EX-32.2 - TransDigm Group INCexhibit322tdg201710k.htm
EX-32.1 - TransDigm Group INCexhibit321tdg201710k.htm
EX-31.2 - TransDigm Group INCexhibit312tdg201710k.htm
EX-31.1 - TransDigm Group INCexhibit311tdg201710k.htm
EX-23.1 - TransDigm Group INCexhibit231eyconsent2017-09.htm
EX-21.1 - TransDigm Group INCexhibit211sublisting2017-0.htm
EX-10.48 - TransDigm Group INCexhibit1048.htm
EX-3.168 - TransDigm Group INCexhibit3168.htm
EX-3.167 - TransDigm Group INCexhibit3167.htm
EX-3.166 - TransDigm Group INCexhibit3166.htm
EX-3.165 - TransDigm Group INCexhibit3165.htm
EX-3.54 - TransDigm Group INCexhibit354.htm

Exhibit 12.1

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


 
Fiscal Year Ended September 30,
 
2017
 
2016
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
Total earnings from continuing operations
$
628,541

 
$
586,414

 
$
447,200

 
$
306,910

 
$
302,789

Income tax provision
208,889

 
181,702

 
189,600

 
141,600

 
145,700

Pre Tax Earnings
837,430

 
768,116

 
636,800

 
448,510

 
448,489

Fixed charges:
 
 
 
 
 
 
 
 
 
Interest charges
602,589

 
483,850

 
418,785

 
347,688

 
270,685

Interest factor of operating rents
6,255

 
6,039

 
4,631

 
3,979

 
3,026

Total fixed charges
608,844

 
489,889

 
423,416

 
351,667

 
273,711

Earnings as adjusted
$
1,446,274

 
$
1,258,005

 
$
1,060,216

 
$
800,177

 
$
722,200

Ratio of earnings to fixed charges(1)
2.4

 
2.6

 
2.5

 
2.3

 
2.6


(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.