EX-12 4 0004.txt EXHIBIT 12 ARAMARK CORPORATION AND SUBSIDIARIES EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (A) (In thousands)
Fiscal Year Ended ---------------------------------------------------------------------------------------- September 29, October 1, October 2, October 3, September 27, 2000 1999 1998 1997 1996 ------------- ---------- ---------- ---------- ------------- Income before income taxes and minority interest $271,780 $239,413 $215,772 $215,847 $179,159 Fixed charges, excluding capitalized interest 204,676 188,184 169,997 163,404 160,740 Other, net (3,109) (3,845) (2,063) (67) (371) -------- -------- -------- -------- -------- Earnings, as adjusted $473,347 $423,752 $383,706 $379,184 $339,528 ======== ======== ======== ======== ======== Interest expense $149,430 $139,829 $122,681 $119,284 $117,856 Capitalized interest 624 412 3 223 414 Portion of operating lease rentals representative of interest factor 55,246 48,355 47,316 44,120 42,884 -------- -------- -------- -------- -------- Fixed charges $205,300 $188,596 $170,000 $163,627 $161,154 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 2.3x 2.2x 2.3x 2.3x 2.1x ======== ========= ======== ======== ========
(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).