EX-12.1 3 dex121.htm STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Statement regarding Computation of Ratios of Earnings to Fixed Charges

Exhibit 12.1

ADVANCED MEDICAL OPTICS, INC.

Computation of Ratio of Earnings to Fixed Charges

(in millions, except for ratios)

 

                            Pro Forma       Pro Forma  
                            Twelve Months   Three Months   Three Months  
                            Ended   Ended   Ended  
    2002   2003   2004     2005     2006   Dec 31, 2006   Mar 30, 2007   Mar 30, 2007  

Earnings Before Income Taxes

  44.5   17.3   (121.2 )   (440.3 )   144.8   63.6   19.5   (1.2 )

Rent Expense

  10.9   16.1   20.4     17.8     17.6   19.0   4.6   5.1  

30% Interest Factor

  0.3   0.3   0.3     0.3     0.3   0.3   0.3   0.3  
                                     

Interest on Rent

  3.3   4.8   6.1     5.3     5.3   5.7   1.4   1.5  

Interest Expense

  13.8   24.2   26.9     29.3     30.3   92.1   6.2   21.0  
                                     

Total Fixed Charges

  17.1   29.0   33.0     34.6     35.6   97.8   7.6   22.5  
                                     

Earnings Before Income Taxes and Fixed Charges

  61.6   46.3   (88.2 )   (405.7 )   180.4   161.4   27.1   21.3  

Fixed Charges Ratio

  3.6   1.6   —       —       5.1   1.7   3.6   —    
                                     

 

For purposes of calculating the ratio, earnings consist of earnings before income taxes and before fixed charges. Fixed charges consist of interest expense and a portion of rental expense deemed a reasonable approximation of the interest factor. Earnings were insufficient to cover fixed charges for the years ended December 31, 2004 and 2005 and pro forma three months ended March 31, 2007, by $121.2 million, $440.3 million and $1.2 million, respectively.