EX-12.1 3 a2215451zex-12_1.htm EX-12.1
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Exhibit 12.1

TRIUMPH GROUP, INC.

Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)

 
  Fiscal year ended March 31,  
 
  2013   2012   2011   2010   2009  

EARNINGS AS DEFINED

                               

Income from continuing operations, before income taxes

  $ 463,057   $ 437,577   $ 234,477   $ 126,455   $ 135,865  

Fixed Charges

    81,713     91,805     94,771     35,296     26,334  
                       

TOTAL EARNINGS, AS DEFINED

  $ 544,770   $ 529,382   $ 329,248   $ 161,751   $ 162,199  
                       

FIXED CHARGES, AS DEFINED

                               

Interest expense

  $ 64,105   $ 63,806   $ 67,604   $ 21,915   $ 13,388  

Interest portion of rental expenses

    13,422     13,869     15,353     5,234     5,054  

Amortization of capitalized expenses related to debt

    3,638     9,601     4,205     1,951     1,685  

Accretion of debt discount

    548     4,529     7,609     6,196     6,207  
                       

TOTAL FIXED CHARGES, AS DEFINED

  $ 81,713   $ 91,805   $ 94,771   $ 35,296   $ 26,334  
                       

RATIO OF EARNINGS TO FIXED CHARGES

    6.7     5.8     3.5     4.6     6.2  



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TRIUMPH GROUP, INC. Computation of Ratio of Earnings to Fixed Charges (dollars in thousands)