EX-12.1 6 spr-20141231xex121.htm EXHIBIT 12.1 SPR-2014.12.31-EX12.1


EXHIBIT 12.1

Spirit AeroSystems Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
($ in millions, except ratios)
 
Spirit Holdings
 
Twelve Months Ended
 
December 31, 2014
 
December 31, 2013
 
December 31, 2012
 
December 31, 2011
 
December 31, 2010
Earnings:
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and equity in net income (loss) of affiliates
$
262.4

 
$
(430.8
)
 
$
11.4

 
$
280.3

 
$
297.8

Add: Fixed charges (from below)
99.0

 
81.9

 
95.1

 
89.6

 
73.0

Add: Amortization of capitalized interest
4.1

 
3.8

 
3.6

 
2.9

 
2.1

Add: Distributed income of equity investee
0.5

 
0.5

 
(0.7
)
 
(1.0
)
 
(0.7
)
Subtract: Capitalized interest expense
4.0

 
5.8

 
7.5

 
—

 
—

 
$
362.0

 
$
(350.4
)
 
$
101.9

 
$
371.8

 
$
372.2

Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense (including amortization of debt issuance costs, debt discounts and premiums)
$
88.1

 
$
70.1

 
$
82.9

 
$
77.5

 
$
59.1

Add: Capitalized interest expense
4.0

 
5.8

 
7.5

 
5.4

 
10.3

Add: Portion of rentals representing interest (1/3 of Operating Lease Payments)
6.9

 
6.0

 
4.6

 
6.7

 
3.6

 
$
99.0

 
$
81.9

 
$
95.0

 
$
89.6

 
$
73.0

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
3.7

 
(4.3
)
 
1.1

 
4.1

 
5.1