EX-12.1 3 a2121021zex-12_1.txt EX-12.1 Exhibit 12.1 ANDREW CORPORATION RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
AS OF OR FOR THE YEAR ENDED SEPTEMBER 30 1999 2000 2001 2002 2003 --------------------------------------------------------------- Income from Continuing Operations Before Income Taxes 52,134 129,139 101,392 13,070 23,326 Minority Interest (Income) Expense (88) 1,981 (2,422) (316) 12 Loss from equity Investments 1,374 3,626 618 134 - Fixed Charges 8,861 12,267 11,158 8,824 16,812 -------------------------------------------------------------- ADJUSTED EARNINGS 62,281 147,013 110,746 21,712 40,150 FIXED CHARGES Interest Expense 5,329 8,862 7,413 5,079 5,675 Rent Expense (1) 3,532 3,405 3,745 3,745 4,678 Preferred Stock Dividend - - 6,459 -------------------------------------------------------------- FIXED CHARGES 8,861 12,267 11,158 8,824 16,812 RATIO OF EARNINGS TO FIXED CHARGES 7.0 12.0 9.9 2.5 2.4
(1) Rent included in this computation consist of one-third of rental expense which Andrew believes to be a conservative estimate of the interest component of rent expense (2) Fiscal year 2002 includes a fourth quarter charge of $36 million for restructuring