EX-12 7 h88836ex12.txt RATIO OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 12 INTEGRATED ELECTRICAL SERVICES, INC. AND SUBSIDIARIES RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS OF DOLLARS)
Year Ended September 30, Year Ended Nine Months Ended ------------------------------------------------------ December 31, 1996 September 30, 1997 1997 1998 1999 2000 ----------------- ------------------ -------- -------- -------- -------- CONSOLIDATED Earnings: Income before income taxes . . . . . . . . . $6,136 $6,143 $7,298 $12,638 $83,455 $42,799 Fixed charges . . . . . . . 223 251 283 2,486 14,772 25,925 ------ ------ ------ ------- ------- ------- $6,359 $6,394 $7,581 $15,124 $98,227 $68,724 ====== ====== ====== ======= ======= ======= Fixed Charges: Interest expense . . . . . $ 171 $ 164 $ 214 $ 1,161 $13,145 $23,230 Portion of rental cost representing interest . . 52 87 69 1,325 1,627 2,695 ------ ------ ------ ------- ------- ------- $ 223 $ 251 $ 283 $ 2,486 $14,772 $25,925 ====== ====== ====== ======= ======= ======= Ratio of earnings to fixed charges. . . . . . . . . . 28.5x 25.5x 26.8x 6.1x 6.6x 2.7x ====== ====== ====== ======= ======= =======
SIX MONTHS ENDED MARCH 31 ------------------------------- 2000 2001 --------- --------- CONSOLIDATED Earnings: Income before income taxes . . . . . . . . . $ 5,316 $28,294 Fixed charges . . . . . . . 12,675 14,026 ------ ------ $17,991 $42,320 ====== ====== Fixed Charges: Interest expense . . . . . $ 11,395 $ 12,494 Portion of rental cost representing interest . . 1,280 1,532 ------ ------ $ 12,675 $ 14,026 ====== ====== Ratio of earnings to fixed charges. . . . . . . . . . 1.4x 3.0x ====== ======