EX-12 6 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

 
    

September 29,

2000


   

September 28,

2001


   

September 27,

2002


   

October 3,

2003 (B)


   

October 1,

2004


 

Income from continuing operations before income taxes and minority interest

   $ 238,326     $ 262,248     $ 393,149     $ 409,553     $ 415,216  

Fixed charges, excluding capitalized interest

     186,976       199,225       182,112       193,049       174,892  

Other, net

     (3,359 )     (4,433 )     (7,810 )     (12,811 )     (12,819 )
    


 


 


 


 


Earnings, as adjusted

   $ 421,943     $ 457,040     $  567,451     $ 589,791     $ 577,289  
    


 


 


 


 


Interest expense

   $ 148,260     $ 156,234     $ 137,532     $ 144,649     $ 124,749  

Portion of operating lease rentals representative of interest factor

     38,716       42,991       44,580       48,400       50,143  
    


 


 


 


 


Fixed charges

   $ 186,976     $  199,225     $ 182,112     $ 193,049     $ 174,892  
    


 


 


 


 


Ratio of earnings to fixed charges

     2.3 x     2.3 x     3.1 x     3.1 x     3.3 x
    


 


 


 


 



(A) For the purpose of determining the ratio of earnings to fixed charges, earnings include pre-tax income from continuing operations 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).
(B) Fiscal 2003 was a 53 week year.