EX-12.1 3 b48701a1exv12w1.txt EX-12.1 STATEMENT REGARDING COMPUTATION OF RATIOS . . . EXHIBIT 12.1 NORTEK HOLDINGS, INC. RATIO OF EARNINGS TO FIXED CHARGES FOR S-4 FILING
ACTUAL ----------------------------------------------------------------- PRO FORMA YEAR ENDED DECEMBER 31, PERIOD FROM PERIOD FROM ------------- ----------------------------- JAN. 1, 2003 TO JAN. 10, 2003 YEAR ENDED 1999 2000 2001 2002 JAN. 9, 2003 TO DEC. 31, 2003 DEC. 31, 2003 ----- ----- ----- ----- --------------- ---------------- ------------- (IN MILLIONS EXCEPT RATIOS) EARNINGS: Earnings (loss) from continuing operations 56.4 58.3 32.8 43.6 (60.9) 62.0 48.2 Provision (benefit) for income taxes 40.2 39.1 27.8 29.5 (21.8) 41.3 34.4 ----- ----- ----- ----- ----- ----- ----- "Earnings" 96.6 97.4 60.6 73.1 (82.7) 103.3 82.6 ----- ----- ----- ----- ----- ----- ----- FIXED CHARGES: Interest expense including amortization of debt expense and discount 47.4 47.6 51.7 52.4 1.1 57.6 78.3 Interest portion of rental expense 3.0 4.1 4.5 4.7 0.1 5.0 5.1 ----- ----- ----- ----- ----- ----- ----- "Fixed Charges" 50.4 51.7 56.2 57.1 1.2 62.6 83.4 ----- ----- ----- ----- ----- ----- ----- Earnings Available for Fixed Charges 147.0 149.1 116.8 130.2 (81.5)(1) 165.9 166.0 ----- ----- ----- ----- ----- ----- ----- Ratio of Earnings to Fixed Charges 2.9x 2.9x 2.1x 2.3x 2.7x 2.0x
ACTUAL PRO FORMA ----------------------------------- ------------ PERIOD FROM THREE MONTHS THREE MONTHS JAN. 10, 2003 TO ENDED ENDED APR. 5, 2003 APR. 3, 2004 APR. 3, 2004 ---------------- ---------------- ------------- EARNINGS: Earnings (loss) from continuing operations 11.0 2.9 15.0 Provision (benefit) for income taxes 7.1 2.0 8.5 ---- ---- ---- "Earnings" 18.1 4.9 23.5 ---- ---- ---- FIXED CHARGES: Interest expense including amortization of debt expense and discount 16.8 25.6 18.7 Interest portion of rental expense 1.2 1.3 1.3 ---- ---- ---- "Fixed Charges" 18.0 26.9 20.0 ---- ---- ---- Earnings Available for Fixed Charges 36.1 31.8 43.5 ---- ---- ---- Ratio of Earnings to Fixed Charges 2.0x 1.2x 2.2x
(1) Earnings were insufficient to cover fixed charges by approximately $81.5 million for the period from January 1, 2003 to January 9, 2003.