EX-12.1 4 d663907dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

ARAMARK HOLDINGS CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (A)

(Unaudited)

(In thousands)

 

     Fiscal Year
Ended
September 27,
2013
    Fiscal Year
Ended
September 28,
2012
    Fiscal Year
Ended
September 30,
2011
    Fiscal Year
Ended
October 1,
2010
    Fiscal Year
Ended
October 2,
2009
    For the three
months ended
December 27,
2013
    For the three
months ended
December 28,
2012
 

Income (loss) from continuing operations before income taxes

   $ 90,629      $ 124,968      $ 95,969      $ 32,986      $ (23,721   $ 73,869      $ 61,968   

Fixed charges, excluding capitalized interest

     491,025        522,431        526,033        509,344        540,999        100,364        129,584   

Undistributed earnings of less than 50% owned affiliates

     (17,056     (21,423     (24,523     (22,114     (16,549     556        348   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings, as adjusted

   $ 564,598      $ 625,976      $ 597,479      $ 520,216      $ 500,729      $ 174,789      $ 191,900   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Interest expense

   $ 430,275      $ 462,284      $ 469,773      $ 451,828      $ 485,132      $ 84,740      $ 114,444   

Portion of operating lease rentals representative of interest factor

     59,767        59,133        56,033        57,467        55,267        15,624        14,960   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

   $ 490,042      $ 521,417      $ 525,806      $ 509,295      $ 540,399      $ 100,364      $ 129,404   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     1.2     1.2     1.1     1.0     0.9     1.7     1.5
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(A) For the purpose of determining the ratio of earnings to fixed charges, earnings include pretax income (loss) from continuing operations plus fixed charges (excluding capitalized interest). Fixed charges consist of interest on all indebtedness (including capitalized interest) plus that portion of operating lease rentals representative of the interest factor (deemed to be one-third of operating lease rentals). Prior periods have been adjusted to reflect Galls, LLC, as a discontinued operation.