EX-12 3 dex12.txt RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 ARAMARK CORPORATION AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (A) (In thousands)
Fiscal Year Ended ---------------------------------------------------------------------------------------- October 3, October 2, October 1, September 29, September 28, 1997 1998 1999 2000 2001 ----------------- --------------- ---------------- ----------------- --------------- Income before income taxes and minority interest $215,847 $215,772 $239,413 $271,780 $286,215 Fixed charges, excluding capitalized interest 163,404 169,997 188,184 204,676 215,092 Other, net (67) (2,063) (3,845) (3,109) (4,156) -------- -------- -------- -------- -------- Earnings, as adjusted $379,184 $383,706 $423,752 $473,347 $497,151 ======== ======== ======== ======== ======== Interest expense $119,284 $122,681 $139,829 $149,430 $157,412 Capitalized interest 223 3 412 624 818 Portion of operating lease rentals representative of interest factor 44,120 47,316 48,355 55,246 57,680 ---------- -------- ---------- --------- --------- Fixed charges $163,627 $170,000 $188,596 $205,300 $215,910 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 2.3x 2.3x 2.2x 2.3x 2.3x ======== ========= ========= ========= =========
(A) For the purpose of determining the ratio of earnings to fixed charges, earnings include pre-tax income 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).