EX-12.1 8 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)
NINE MONTHS AS OF OR FOR THE YEAR ENDED SEPTEMBER 30 ENDED JUNE 30 1998 1999 2000 2001 2002 2002 2003 --------------------------------------------------------------- ---------------------- Income from Continuing Operations Before Income Taxes 161,449 52,134 129,139 101,392 13,070 39,575 15,140 Minority Interest (Income) Expense (313) (88) 1,981 (2,422) (316) (316) - Loss from equity Investments 775 1,374 3,626 618 134 - - Fixed Charges 8,984 8,861 12,267 11,158 8,824 6,514 5,825 -------------------------------------------------------------- ---------------------- ADJUSTED EARNINGS 170,895 62,281 147,013 110,746 21,712 45,773 20,965 FIXED CHARGES Interest Expense 6,060 5,329 8,862 7,413 5,079 3,842 2,648 Rent Expense (1) 2,924 3,532 3,405 3,745 3,745 2,672 3,177 Preferred Stock Dividend - - - - - -------------------------------------------------------------- ---------------------- FIXED CHARGES 8,984 8,861 12,267 11,158 8,824 6,514 5,825 RATIO OF EARNINGS TO FIXED CHARGES 19.0 7.0 12.0 9.9 2.5 (2) 7.0 3.6
(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