EX-12.1 2 a07-4577_1ex12d1.htm EX-12.1

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges
(Unaudited)

(In millions)

 

 

 

 

 

 

 

 

 

10 Month

 

 

 

 

 

 

 

 

 

 

 

Transition

 

 

 

Fiscal Year Ended

 

Period Ended

 

 

 

12/31/2006

 

12/31/2005

 

12/31/2004

 

12/31/2003

 

12/31/2002

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before income taxes

 

$

90.0

 

$

34.3

 

$

(20.5

)

$

(51.5

)

$

(68.1

)

Fixed charges, excluding capitalized interest

 

63.6

 

62.1

 

87.7

 

73.9

 

60.7

 

Total earnings (loss)

 

$

153.6

 

$

96.4

 

$

67.2

 

$

22.4

 

$

(7.4)

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

 

$

42.2

 

$

59.1

 

$

75.4

 

$

69.7

 

$

58.5

 

Capitalized Interest

 

—  

 

—

 

—

 

—

 

—

 

Amortization of deferred debt issuance costs and loss on debt extinguishment

 

21.4

 

3.0

 

12.3

 

4.2

 

2.2

 

Total Fixed Charges

 

$

63.6

 

$

62.1

 

$

87.7

 

$

73.9

 

$

60.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings (loss) to total fixed charges

 

2.4

 

1.6

 

*

 

*

 

*

 

 

 

 

 

 

 

 

 

 

 

 

 

*                    Earnings were insufficient to cover fixed charges by $20.5, $51.5 and $68.1 for the fiscal years ended December 31, 2004 and December 31, 2003 and for the transition period ended December 31, 2002, respectively.