EX-12.1 2 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

 

IKON OFFICE SOLUTIONS, INC. AND SUBSIDIARIES

RATIO OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

 

     Fiscal Year Ended September 30 (as restated)
     2004
    2003
    2002
    2001
    2000

Earnings

                         

Income (loss) from continuing operations

    83,694    123,107    148,046    15,286    27,497

Add:

                         

Provision for income taxes

    27,300    74,984    87,371    53,844    54,838

Fixed charges

    168,619    230,516    249,177    287,383    272,439
    
  
  
  
  

Earnings, as adjusted (A)

    279,613    428,607    484,594    356,513    354,774
    
  
  
  
  

Fixed charges

                         

Other interest expense including interest on capital leases

    137,474    197,105    212,280    246,862    237,521

Estimated interest component of rental expense

    31,145    33,411    36,897    40,491    34,918
    
  
  
  
  

Total fixed charges (B)

    168,619    230,516    249,177    287,353    272,439
    
  
  
  
  

Ratio of earnings to fixed charges (A) divided by (B)

    1.7    1.9    1.9    1.2    1.3