EX-12 3 b50571ahexv12.txt EX-12 STATEMENT RE: COMPUTATION OF RATIO EXHIBIT 12 AMSCAN HOLDINGS, INC. RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS, EXCEPT RATIO DATA)
YEARS ENDED DECEMBER 31, --------------------------------------------------------------------------------------- PRO FORMA 1999 2000 2001 2002 2003 2003 ------- ------- ------- ------- ------- --------- (Predecessor) (Predecessor) (Predecessor) (Predecessor) (Predecessor) Earnings: Income (loss) before taxes and minority interests $17,380 $13,539 $18,793 $27,234 $27,327 $24,629 Add: fixed charges 29,998 29,847 28,355 26,205 31,031 31,821 Deduct: interest capitalized (223) (981) ------- ------- ------- ------- ------- ------- Earnings, as adjusted $47,378 $43,163 $46,167 $53,439 $58,358 $56,450 ======= ======= ======= ======= ======= ======= Computation of fixed charges: Interest, expensed and capitalized $26,985 $26,834 $25,205 $21,970 $26,609 $27,399 Interest portion of rent expense 3,013 3,013 3,150 4,235 4,422 4,422 ------- ------- ------- ------- ------- ------- Total fixed charges $29,998 $29,847 $28,355 $26,205 $31,031 $31,821 ======= ======= ======= ======= ======= ======= Ratio of earnings to fixed 1.6 x 1.4 x 1.6 x 2.0 x 1.9 x 1.8 x charges
SIX FOUR TWO SIX MONTHS MONTHS MONTHS MONTHS ENDED ENDED ENDED ENDED -------- -------- -------- --------- PRO FORMA JUNE 30, APRIL 30, JUNE 30, JUNE 30, 2003 2004 2004 2004 -------- --------- -------- ---------- (Predecessor) (Predecessor) (Successor) Earnings: Income (loss) before taxes and minority interests $10,251 $(1,395) $ 1,201 $11,802 Add: fixed charges 15,497 9,800 5,420 15,446 Deduct: interest capitalized ------- ------- ------- ------- Earnings, as adjusted $25,748 $ 8,405 $ 6,621 $27,248 ======= ======= ======= ======= Computation of fixed charges: Interest, expensed and capitalized $13,328 $ 8,494 $ 4,767 $13,487 Interest portion of rent expense 2,169 1,306 653 1,959 ------- ------- ------- ------- Total fixed charges $15,497 $ 9,800 $ 5,420 $15,446 ======= ======= ======= ======= Ratio of earnings to fixed 1.7 x 0.9 x 1.2 x 1.8 x charges