EX-12 4 h01657exv12.txt RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 INTEGRATED ELECTRICAL SERVICES, INC., AND SUBSIDIARIES RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS OF DOLLARS)
YEAR ENDED SEPTEMBER 30, ----------------------------------------------------------- 1998 1999 2000 2001 2002 ------- ------- ------- ------- ------- CONSOLIDATED Earnings: Income before income taxes and cumulative effect of change in accounting principle .......... $12,638 $83,455 $42,799 $54,381 $16,108 Fixed charges .................... 2,486 14,772 25,925 29,631 30,006 ------- ------- ------- ------- ------- $15,124 $98,227 $68,724 $84,012 $46,114 ======= ======= ======= ======= ======= Fixed Charges: Interest expense ................. $ 1,161 $13,145 $23,230 $26,053 $26,702 Portion of rental cost representing interest ......... 1,325 1,627 2,695 3,578 3,304 ------- ------- ------- ------- ------- $ 2,486 $14,772 $25,925 $29,631 $30,006 ======= ======= ======= ======= ======= Ratio of Earnings to Fixed Charges .................... 6.1 6.6 2.7 2.8 1.5 ======= ======= ======= ======= =======