EX-12.1 5 ex12-1_031006.txt RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges (Unaudited) (In millions)
Ten-Month Transition Fiscal Year Fiscal Year End Period Ended Ended ---------------------------------------------------- --------------- -------------- 12/31/2005 12/31/2004 12/31/2003 12/31/2002 2/23/2002 ---------------- ----------------- ----------------- --------------- -------------- Earnings: Earnings (loss) before income taxes $ 34.3 $ (20.5) $ (51.5) $ (68.1) $ (102.3) Fixed charges, excluding capitalized interest 62.1 87.7 73.9 60.7 77.8 ------- ------- -------- ------- --------- Total earnings (loss) $ 96.4 $ 67.2 $ 22.4 $ (7.4) $ (24.5) ------- ------- -------- ------- --------- Fixed Charges: Interest expense $ 59.1 $ 75.4 $ 69.7 $ 58.5 $ 66.2 Capitalized interest -- -- -- -- -- Amortization of deferred debt issuance costs 3.0 12.3 4.2 2.2 11.6 ------- ------- -------- ------- --------- Total fixed charges $ 62.1 $ 87.7 $ 73.9 $ 60.7 $ 77.8 ------- ------- -------- ------- --------- Ratio of earnings (loss) to total fixed charges 1.6 * * * * ======= ======= ======== ======= ========
* 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.