EX-12.1 9 subs4ex12-1.txt STATE. OF COMP. OF RATIO OF EARNINGS
Exhibit 12.1 Statement of Computation of Ratio of Earnings to Fixed Charges ---------------------------------------------------------------------------------------------------------------------------------- Suburban Propane Partners, L.P. Computation of the Ratio of Earnings to Fixed Charges (Dollars in thousands) Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Three Months Three Months Ended Ended Ended Ended Ended Ended December Ended Decem- 9/25/1999 9/30/2000 9/29/2001 9/28/2002 9/27/2003 28, 2002 ber 27, 2003 ------------------------- ------------- -------------- -------------- ------------- -------------- ----------------- ------------- Income Before Provision for Income Taxes $ 22,507 $ 38,766 $ 53,885 $ 54,227 $46,388 $23,384 $20,174 ---------- ---------- ------------ ------------ ------------- ------------- ------------- Fixed Charges: Interest Expense (including amort- ization of debt issue costs) 33,288 42,703 40,010 35,925 33,963 8,982 9,748 Rental Expense 5,791 6,368 7,785 8,002 8,112 2,013 1,943 ---------- ---------- ------------ ------------ ------------- ------------- ------------- Total Fixed Charges 39,079 49,071 47,795 43,927 42,075 10,995 11,691 ---------- ---------- ------------ ------------ ------------- ------------- ------------- Income Before Provision for Income Taxes plus Fixed $ 61,586 $ 87,837 $ 101,680 $ 98,154 $ 88,463 $ 34,379 $ 31,865 ---------- ---------- ------------ ------------ ------------- ------------- ------------- Charges Ratio of Earnings to Fixed Charges (a) 1.58x 1.79x 2.13x 2.23x 2.10x 3.13x 2.73x ========== ========== ============ ============ ============= ============= ============= (a) For purposes of determining the ratio of earnings to fixed charges, earnings are defined as income from continuing operations before income taxes plus fixed charges. Fixed charges consist of interest expense, including amortization of debt issuance costs and that portion of rental expenses on operating leases that management considers to be a reasonable approximation of interest.