EX-12.1 7 e16750ex12-1.txt RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 Omnicom Group, Inc. Ratio of Earnings to Fixed Charges 2002-2003 ($000s)
Nine Months Ended September 30, Years Ended December 31, ----------------------- -------------------------------------------------------------- 2003 2002 2002 2001 2000 1999 1998 ----------------------- -------------------------------------------------------------- Earning as defined: Profit before tax as reported $ 761,657 $ 747,911 $1,073,623 $ 895,385 $ 911,617 $ 673,708 $ 521,797 Add: Dividends from affiliates 9,788 12,586 17,185 28,378 39,222 10,485 19,353 Interest expense 42,803 34,874 45,509 90,918 116,681 84,908 74,482 Interest factor (re:rentals) (A) 124,169 123,435 154,476 150,914 131,594 113,861 103,829 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total earnings $ 938,417 $ 918,806 $1,290,793 $1,165,595 $1,199,114 $ 882,962 $ 719,461 ========== ========== ========== ========== ========== ========== ========== Fixed charges as defined: Interest expense $ 42,803 $ 34,874 $ 45,509 $ 90,918 $ 116,681 $ 84,908 $ 74,482 Interest factor (re:rentals) (A) 124,169 123,435 154,476 150,914 131,594 113,861 103,829 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total fixed charges $ 166,972 $ 158,309 $ 199,984 $ 241,832 $ 248,275 $ 198,768 $ 178,311 ========== ========== ========== ========== ========== ========== ========== Ratio of earnings to fixed charges 5.62 5.80 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.