EX-12 3 h30959exv12.htm RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
INTEGRATED ELECTRICAL SERVICES, INC., AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS OF DOLLARS)
                                         
    Year Ended September 30,  
    2001     2002     2003     2004     2005  
CONSOLIDATED
                                        
Earnings:
                                        
Income (loss) before taxes and cumulative effect of change in accounting principle
   $ 27,890     $ (10,164 )   $ 8,994     $ (112,463 )   $ (113,649 )
Fixed charges
     28,533       28,825       27,706       25,830       31,145  
 
                              
 
   $ 56,423     $ 18,661     $ 36,700     $ (86,633 )   $ (82,504 )
 
                              
 
                                        
Fixed Charges:
                                        
Interest expense
   $ 26,039     $ 26,695     $ 25,759     $ 23,198     $ 28,291  
Portion of rental cost representing interest
     2,494       2,130       1,947       2,632       2,854  
 
                              
 
   $ 28,533     $ 28,825     $ 27,706     $ 25,830     $ 31,145  
 
                              
Ratio of Earnings to Fixed Charges
     2.0       0.6 (1)     1.3       (3.4 )(1)     (2.6 )(1)
 
                              
 
(1)    The ratio of earnings to fixed charges for these years was less than one-to-one. The amount of the deficiency of the ratio of earnings to fixed charges for the years ended September 30, 2002, 2004 and 2005, was $10,164, $112,463 and $113,649, respectively.