EX-12.1 17 dex121.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 KANSAS CITY SOUTHERN AND SUBSIDIARY COMPANIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
As of December 31st --------------------------------------------------------------- 2002 2001 2000 1999 1998 ---------- ---------- ---------- ---------- ---------- Pretax income/(loss) from continuing operations, excluding equity in earnings of unconsolidated affilites $ 20.7 $ 6.8 $ (2.0) $ 12.0 $ 68.0 Interest Expense on Indebtedness 45.0 52.8 65.8 57.4 59.6 Portion of Rents Representative of an Appropriate Interest Factor 18.3 18.9 19.4 18.0 20.0 Distributed income of equity investments - 3.0 5.0 - 5.0 ---------- ---------- ---------- ---------- ---------- Income (Loss) as Adjusted $ 84.0 $ 81.5 $ 88.2 $ 87.4 $ 152.6 ---------- ---------- ---------- ---------- ---------- Fixed Charges: Interest Expense on Indebtedness $ 45.0 $ 52.8 $ 65.8 $ 57.4 $ 59.6 Capitalized Interest 1.7 4.2 - - - Portion of Rents Representative of an Appropriate Interest Factor 18.3 18.9 19.4 18.0 20.0 ---------- ---------- ---------- ---------- ---------- Total Fixed Charges $ 65.0 $ 75.9 $ 85.2 $ 75.4 $ 79.6 ---------- ---------- ---------- ---------- ---------- Ratio of Earnings to Fixed Charges 1.3 1.1 1.0 1.2(a) 1.9 ========== ========== ========== ========== ==========
Note: Excludes amortization expense on debt discount due to immateriality