EX-12 13 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES 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,
  
     2000
    2001
    2002
    2003
    2004
  

CONSOLIDATED

                                     

Earnings:

                                     

Income (loss) before taxes and cumulative effect of change in accounting principle

    $ 42,799    $ 54,381    $ 13,472    $ 27,014    $ (113,780 )

Fixed charges

      25,925      29,631      30,006      28,945      26,340  
    
  
  
  
  
     $ 68,724    $ 84,012    $ 43,478    $ 55,959    $ (87,440 )
    
  
  
  
  

Fixed Charges:

                                     

Interest expense

    $ 23,230    $ 26,053    $ 26,702    $ 25,744    $ 23,187  

Portion of rental cost representing interest

      2,695      3,578      3,304      3,201      3,153  
    
  
  
  
  
     $ 25,925    $ 29,631    $ 30,006    $ 28,945    $ 26,340  
    
  
  
  
  

Ratio of Earnings to Fixed Charges

      2.7      2.8      1.4      1.9      (3.3 )