EX-12. 3 a2106214zex-12_.htm EXHIBIT 12

Exhibit 12

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
  
 
   2002
   2001
   2000
   1999
   1998
  
Income from Continuing Operations                      
  Before Income Taxes   13,070   101,392   129,139   52,134   161,449  

Minority Interest (Income) Expense
 
(316
)
(2,422
)
1,981
 
(88
)
(313
)
Loss from Equity Investments   134   618   3,626   1,374   775  
Fixed Charges   8,824   11,158   12,267   8,861   8,984  
   
 
 
 
 
 
Adjusted Earnings   21,712   110,746   147,013   62,281   170,895  

Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
Interest Expense   5,079   7,413   8,862   5,329   6,060  
Rent Expense(1)   3,745   3,745   3,405   3,532   2,924  
Preferred Stock Dividend   —   —   —   —   —  
   
 
 
 
 
 
Fixed Charges   8,824   11,158   12,267   8,861   8,984  

Ratio of Earnings to Fixed Charges
and Preferred Stock
 
2.5
 
9.9
 
12.0
 
7.0
 
19.0
 
(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.