EX-12 2 c90382exv12.htm RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK exv12
 

     EXHIBIT 12

Andrew Corporation
Ratio of Earnings to Fixed Charges and Preferred Stock
(In thousands)

                                         
    As of or For the Year Ended September 30
    2004
   2003
   2002
   2001
   2000
Income from Continuing Operations Before Income Taxes
   $ 48,923     $ 23,326     $ 13,070     $ 101,392     $ 129,139  
Minority Interest (Income) Expense
     43       12       (316 )     (2,422 )     1,981  
Loss from Equity Investments
     —       —       134       618       3,626  
Fixed Charges
     22,115       16,812       8,824       11,158       12,267  
 
    
 		      
 		      
 		      
 		      
 		  
Adjusted Earnings
     71,081       40,150       21,712       110,746       147,013  
Fixed Charges
                                       
Interest Expense
     14,868       5,675       5,079       7,413       8,862  
Rent Expense (1)
     6,540       4,678       3,745       3,745       3,405  
Preferred Stock Dividends
     707       6,459       —       —       —  
 
    
 		      
 		      
 		      
 		      
 		  
Fixed Charges
   $ 22,115     $ 16,812     $ 8,824     $ 11,158     $ 12,267  
Ratio of Earnings to Fixed Charges
     3.2       2.4       2.5       9.9       12.0  

(1) Rent included in this computation consists of one-third of rental expense which Andrew believes to be a conservative estimate of the interest component of rent expense.

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