EX-12.1 5 d581986dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Unaudited Combined Pro Forma Computation of Ratio of Earnings to Fixed Charges

for Altra & the A&S Business

 

($ in millions)    As of and for the Six Months
Ended June 30, 2018
     As of and for the Year
Ended December 31, 2017
 

Net income (loss)

   $ 54.7      $ 78.8  
  

 

 

    

 

 

 

Adjustments to net income (loss):

     

Gain (loss) from discontinued operations

     0.0        0.0  

Interest expense

     45.7        91.8  

Interest component of operating rental expense

     0.7        1.3  

Income taxes

     16.1        23.5  
  

 

 

    

 

 

 

Earnings

   $ 117.2      $ 195.4  
  

 

 

    

 

 

 

Fixed charges:

     

Interest expense, net

   $ 45.7      $ 91.8  

Interest component of operating rental expense

   $ 0.7      $ 1.3  

Total fixed charges

   $ 46.4      $ 93.1  
     

Ratio of earnings to fixed charges (1)

     2.5x        2.1x  

 

(1)

For purposes of calculating the ratio of earnings to fixed charges, earnings represent income before income taxes, discontinued operations, the cumulative effect of change in accounting principle charges and fixed charges. Fixed charges represent interest expense and a portion of rental expense which Altra believes is representative of the interest component of rental expense.