EX-12 4 ex12.txt B/E AEROSPACE, INC. EXHIBIT 12.1 EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited) (In millions)
Ten-Month Fiscal Transition Year Period Fiscal Year Ended Ended Ended --------------- --------------- --------------- 12/31/2003 12/31/2002 2/23/2002 2/24/2001 2/26/2000 ----------------- --------------- --------------- --------------- --------------- Earnings: (Loss) earnings before income taxes $ (51.5) $ (68.1) $ (102.3) $ 22.5 $(47.5) Fixed charges, excluding capitalized interest 73.9 60.7 77.8 60.4 57.4 ------- ------- -------- ------ ------ Total (loss) earnings $ 22.4 $ (7.4) $ (24.5) $ 82.9 $ 9.9 ======= ======= ======== ====== ====== Fixed Charges: Interest expense $ 69.7 $ 58.5 $ 66.2 $ 57.9 $ 54.9 Capitalized interest -- -- -- 0.3 1.5 Amortization of deferred debt issuance costs 4.2 2.2 11.6 2.5 2.5 ------- ------- -------- ------ ------ Total fixed charges $ 73.9 $ 60.7 $ 77.8 $ 60.7 $ 58.9 ======= ======= ======== ====== ====== Ratio of (loss) earnings to total fixed charges * * * 1.4 * ======= ======= ======== ====== ======
* Earnings were insufficient to cover fixed charges by $51.5, $68.1, $102.3 and $81.6 for the fiscal year ended December 31, 2003, for the transition period ended December 31, 2002 and for the fiscal years ended February 23, 2002 and February 26, 2000, respectively.