EX-12.1 4 a2228416zex-12_1.htm EX-12.1

Exhibit 12.1

 

B/E Aerospace, Inc.

Computation of Ratio of Earnings to Fixed Charges

(unaudited)

(dollars in millions, except ratios)

 

 

 

Three Months Ended
March 31,

 

Year Ended December 31,

 

 

 

2016

 

2015

 

2015

 

2014

 

2013

 

2012

 

2011

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations before income taxes

 

$

106.3

 

$

101.4

 

$

356.6

 

$

9.8

 

$

239.5

 

$

86.7

 

$

106.1

 

Fixed charges, excluding capitalized interest

 

23.5

 

24.7

 

96.6

 

131.7

 

124.3

 

125.2

 

105.9

 

Total Earnings

 

$

129.8

 

$

126.1

 

$

453.2

 

$

141.5

 

$

363.8

 

$

211.9

 

$

212.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

 

$

21.8

 

$

23.0

 

$

89.6

 

$

123.3

 

$

116.8

 

$

117.3

 

$

99.2

 

Rental expenses representative of an interest factor

 

0.3

 

0.3

 

1.3

 

1.2

 

0.7

 

0.8

 

0.5

 

Capitalized Interest

 

—

 

—

 

—

 

—

 

—

 

—

 

0.9

 

Amortization of deferred debt issuance costs and discount

 

1.4

 

1.4

 

5.7

 

7.2

 

6.8

 

7.1

 

6.2

 

Total Fixed Charges

 

$

23.5

 

$

24.7

 

$

96.6

 

$

131.7

 

$

124.3

 

$

125.2

 

$

106.8

 

Ratio of earnings to total fixed charges

 

5.5

 

5.1

 

4.7

 

1.1

 

2.9

 

1.7

 

2.0