EX-12.1 21 0021.txt EXHIBIT 12.1
Exhibit 12.1 ------------------------------------------------------------ -- ------- -- ------- --- ------- -- ------- --- ------- (Dollars in millions) 2000 1999 1998 1997 1996 ------------------------------------------------------------ -- ------- -- ------- --- ------- -- ------- --- ------- Income (loss) before income taxes * $ 75.0 $ (5.0) $ 79.7 $ 50.7 $ (15.8) Interest expense, including amortization of debt issuance $ 68.7 $ 73.9 $ 38.7 $ 25.8 $ 21.6 costs Portion of rental expense deemed to represent interest 2.3 3.1 2.7 2.5 1.5 ------------------------------------------------------------ -- ------- -- ------- --- ------- -- ------- --- ------- Total fixed charges $ 71.0 $ 77.0 $ 41.4 $ 28.3 $ 23.1 Earnings before fixed charges $ 146.0 $ 72.0 $ 121.1 $ 79.0 $ 7.3 Fixed charges $ 71.0 $ 77.0 $ 41.4 $ 28.3 $ 23.1 Ratio of earnings to fixed charges 2.1 0.9x 2.9x 2.8x - Deficiency of earnings to fixed charges - - - - $ 15.8 ------------------------------------------------------------ -- ------- -- ------- --- ------- -- ------- --- ------- * Excludes equity in income in affiliated companies except to the extent that such income has been received by the Company.