EX-12 3 ex12.txt Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges (Unaudited) (In millions)
Ten-Month Transition Period Fiscal Year Ended Ended Fiscal Year Ended ----------------------------------- --------------- ------------------------------ 12/31/2004 12/31/2003 12/31/2002 2/23/2002 2/24/2001 ----------------- ----------------- --------------- --------------- -------------- Earnings: (Loss) earnings before income taxes $(20.5) $(51.5) $(68.1) $(102.3) $22.5 Fixed charges, excluding capitalized interest 87.7 73.9 60.7 77.8 60.4 ------ ------ ------ ------- ----- Total (loss) earnings $ 67.2 $ 22.4 $ (7.4) $ (24.5) $82.9 ------ ------ ------ ------- ----- Fixed Charges: Interest expense $ 75.4 $ 69.7 $ 58.5 $ 66.2 $57.9 Capitalized interest -- -- -- -- 0.3 Amortization of deferred debt issuance costs 12.3 4.2 2.2 11.6 2.5 ------ ------ ------ ------- ----- Total fixed charges $ 87.7 $ 73.9 $ 60.7 $ 77.8 $60.7 ------ ------ ------ ------- ----- Ratio of (loss) earnings to total fixed charges * * * * 1.4 ====== ====== ====== ======= =====
* Earnings were insufficient to cover fixed charges by $20.5, $51.5, $68.1 and $102.3 for the fiscal years ended December 31, 2004 and December 31, 2003, for the transition period ended December 31, 2002 and for the fiscal year ended February 23, 2002, respectively.