EX-12.1 14 a2128051zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


PRECISION CASTPARTS CORP.
RATIO OF EARNINGS TO FIXED CHARGES
($000s)

 
   
   
   
   
   
  Nine Months Ended
 
  Fiscal Years
 
  December 29,
2002

  December 28,
2003

 
  1999
  2000
  2001
  2002
  2003
Earnings before income taxes   $ 156.6   $ 139.3   $ 211.7   $ 178.8   $ 246.3   $ 192.8   $ 147.2
Fixed charges:                                          
  Interest and other financial charges     27.2     47.2     81.7     67.3     56.9     43.3     38.7
  Interest capitalized     2.0     1.2     2.3     1.8     1.0     0.8     1.0
  One-third of rental expense (a)     2.2     2.6     2.9     3.7     3.7     2.7     3.1
   
 
 
 
 
 
 
      31     51     87     73     62     47     43
   
 
 
 
 
 
 
Adjusted earnings   $ 188.0   $ 190.3   $ 298.6   $ 251.6   $ 307.9   $ 239.6   $ 190.0
   
 
 
 
 
 
 
Ratio of earnings to fixed charges (b)     5.9     3.7     3.4     3.4     5.0     5.1     4.4
   
 
 
 
 
 
 

(a)
Considered to be representative of interest factor in rental expense.

(b)
Adjusted earnings less interest capitalized divided by fixed charges



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PRECISION CASTPARTS CORP. RATIO OF EARNINGS TO FIXED CHARGES ($000s)