EX-12 5 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges
EXHIBIT 12
 
ARAMARK CORPORATION AND SUBSIDIARIES
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (A)
 
(In thousands)
 
    
Fiscal Year Ended
  
    
October 2, 1998
     
October 1, 1999
     
September 29, 2000
     
September 28, 2001
     
September 27, 2002
  
Income before income taxes and minority interest
   
$
215,772
 
   
$
239,413
 
   
$
271,780
 
   
$
286,215
 
   
$
423,608
 
Fixed charges, excluding capitalized interest
   
 
169,997
 
   
 
188,184
 
   
 
204,676
 
   
 
215,092
 
   
 
197,381
 
Other, net
   
 
(2,063
)
   
 
(3,845
)
   
 
(3,109
)
   
 
(4,156
)
   
 
(7,494
)
    
  
  
  
  
Earnings, as adjusted
   
$
383,706
 
   
$
423,752
 
   
$
473,347
 
   
$
497,151
 
   
$
613,495
 
    
  
  
  
  
Interest expense
   
$
122,681
 
   
$
139,829
 
   
$
149,430
 
   
$
157,412
 
   
$
138,282
 
Capitalized interest
   
 
3
 
   
 
412
 
   
 
624
 
   
 
818
 
   
 
323
 
Portion of operating lease rentals representative of interest factor
   
 
47,316
 
   
 
48,355
 
   
 
55,246
 
   
 
57,680
 
   
 
59,099
 
    
  
  
  
  
Fixed charges
   
$
170,000
 
   
$
188,596
 
   
$
205,300
 
   
$
215,910
 
   
$
197,704
 
    
  
  
  
  
Ratio of earnings to fixed charges
   
 
2.3
x
   
 
2.2
x
   
 
2.3
x
   
 
2.3
x
   
 
3.1
x
    
  
  
  
  
 
(A) For the purpose of determining the ratio of earnings to fixed charges, earnings include pre-tax income plus fixed charges (excluding capitalized interest). Fixed charges consist of interest on all indebtedness (including capitalized interest) plus that portion of operating lease rentals representative of the interest factor (deemed to be one-third of operating lease rentals).

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