EX-12.1 2 hrg-930201610xkex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
HRG GROUP, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
 
Year ended September 30,
(in millions, except ratios)
2016
 
2015
 
2014
 
2013
 
2012
Income (loss) from continuing operations before income taxes
$
231.9

 
$
(307.1
)
 
$
104.0

 
$
(324.3
)
 
$
(135.1
)
Add back fixed charges
 
 
 
 
 
 
 
 
 
Interest expense
397.1

 
401.6

 
298.8

 
504.7

 
250.4

Estimated interest within rental expense
16.6

 
13.6

 
14.9

 
16.5

 
11.5

Total fixed charges
$
413.7

 
$
415.2

 
$
313.7

 
$
521.2

 
$
261.9

Earnings before fixed charges
645.6

 
108.1

 
417.7

 
196.9

 
126.8

 
 
 
 
 
 
 
 
 
 
Fixed charges as above
413.7

 
415.2

 
313.7

 
521.2

 
261.9

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
1.6

(a)
 
1.3
 
(a)
 
(a)
 
 
 
 
 
 
 
 
 
 
Deficiency of loss to fixed charges (a)
 
 
$
(307.1
)
 
 
 
$
(324.3
)
 
$
(135.1
)
 
 
 
 
 
 
 
 
 
 
(a) Due to losses for the years ended September 30, 2015, 2013 and 2012 the coverage ratio was less than 1:1. We would have needed to generate additional earnings of $307.1, 324.3 and 135.1, in the respective periods in order to achieve a ratio of 1:1.