EX-12.1 7 e15031ex12_1.txt RATIO OF EARNINGS Exhibit 12.1 Omnicom Group Inc. Ratio of Earnings to Fixed Charges 1998-2003 ($000s)
Six Months Ended June 30, Years Ended December 31, 2003 2002 2002 2001 2000 1999 1998 ------------------- ------------------------------------------------------------- Earnings as defined: Profit before tax as reported $538,779 $542,084 $1,073,623 $ 895,385 $ 911,617 $673,708 $521,797 Add: Dividends from affiliates 6,275 9,188 17,185 28,378 39,222 10,485 19,353 Interest Expense 27,385 24,510 45,509 90,918 116,681 84,908 74,482 Interest factor (re: rentals)(A) 82,355 80,181 154,476 150,914 131,594 113,861 103,829 -------- -------- ---------- ---------- ---------- -------- -------- Total earnings $654,794 $655,963 $1,290,793 $1,165,595 $1,199,114 $882,962 $719,461 ======== ======== ========== ========== ========== ======== ======== Fixed charges as defined: Interest expense $ 27,385 $ 24,510 $ 45,509 $ 90,918 $ 116,681 $ 84,908 $ 74,482 Interest factor (re: rentals)(A) 82,355 80,181 154,476 150,914 131,594 113,861 103,829 -------- -------- ---------- ---------- ---------- -------- -------- Total fixed charges $109,740 $104,691 $ 199,984 $ 241,832 $ 248,275 $198,768 $178,311 ======== ======== ========== ========== ========== ======== ======== Ratio of earnings to fixed charges 5.97 6.27 6.45 4.82 4.83 4.44 4.03 ======== ======== ========== ========== ========== ======== ========
(A) The interest factor related to rentals reflects the appropriate portion of rental expense representative of an interest factor.