EX-12.1 5 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES. Statement of Computation of Ratio of Earnings to Fixed Charges.

Exhibit 12.1

Goodman Global, Inc.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

      Year Ended December 31,  
     2002     2003     2004     2005     2006  

Earnings:

          

Income (loss) from continuing operations before income taxes

   67,692     89,111     42,644     40,697     98,355  

Fixed charges

   48,144     28,186     15,058     78,450     83,512  

Capitalized Interest

   —       —       —       (879 )   (1,347 )
                              

Total adjustments

   48,144     28,186     15,058     78,450     83,512  
                              

Earnings adjusted for fixed charges

   115,836     117,297     57,702     119,147     181,867  
                              

Fixed charges:

          

Interest expense

   46,168     26,081     12,478     74,213     77,825  

Capitalized Interest

         879     1,347  

Portion of rent expense representative of interest (1)

   1,976     2,105     2,580     3,358     4,340  
                              

Total fixed charges

   48,144     28,186     15,058     78,450     83,512  
                              

Ratio of earnings to fixed charges

   2.4     4.2     3.8     1.5     2.2  
                              

ESTIMATE OF INTEREST WITHIN RENTAL EXPENSE

          

Total Rent expense (per historical financial statements)

   10,800     11,500     14,100     18,351     23,717  

Estimated percentage

   18 %   18 %   18 %   18 %   18 %
                              

Estimated interest within rental expense

   1,976     2,105     2,580     3,358     4,340