EX-12.1 4 a2186434zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1

BE Aerospace, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(dollars in millions, except ratios)


 
 
  Quarter Ended
  Fiscal Year Ended
 
 
  3/31/2008
  3/31/2007
  12/31/2007
  12/31/2006
  12/31/2005
  12/31/2004
  12/31/2003
 

 
Earnings:                                            
Earnings (loss) before income taxes   $ 74.6   $ 45.8   $ 215.1   $ 90.0   $ 34.3   $ (20.5 ) $ (51.5 )
Fixed charges excluding captalized interest     3.4     11.6     25.0     44.0     62.1     78.9     72.7  
   
 
 
 
 
 
 
 
Total Earnings   $ 78.0   $ 57.4   $ 240.1   $ 134.0   $ 96.4   $ 58.4   $ 21.2  
   
 
 
 
 
 
 
 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Interest expense   $ 2.9   $ 10.8   $ 22.3   $ 40.7   $ 57.8   $ 74.0   $ 68.6  
Rental expenses representative of an interest factor     0.3     0.4     1.5     1.3     1.3     1.4     1.1  
Capitalized interest                              
Amortization of deferred debt issuance costs and discount     0.2     0.4     1.2     2.0     3.0     3.5     3.0  
   
 
 
 
 
 
 
 
Total Fixed Charges   $ 3.4   $ 11.6   $ 25.0   $ 44.0   $ 62.1   $ 78.9   $ 72.7  
   
 
 
 
 
 
 
 
Ratio of earnings to total fixed charges     22.9     4.9     9.6     3.0     1.6     *     *  

 
*
Earnings were insufficient to cover fixed charges by $20.5 million and $51.5 million for the fiscal years ended December 31, 2004 and December 31, 2003, respectively.



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BE Aerospace, Inc. Computation of Ratio of Earnings to Fixed Charges (Unaudited) (dollars in millions, except ratios)