EX-12.1 5 a12-6851_1ex12d1.htm RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12.1

 

BE Aerospace, Inc.

Computation of Ratio of Earnings to Fixed Charges
(unaudited)
(dollars in millions, except ratios)

 

 

 

Fiscal Year Ended

 

 

 

12/31/2011

 

12/31/2010

 

12/31/2009

 

12/31/2008

 

12/31/2007

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before income taxes

 

$

323.0

 

$

211.4

 

$

204.6

 

$

(87.8

)

$

215.1

 

Fixed charges, excluding capitalized interest

 

106.6

 

93.7

 

90.5

 

51.2

 

25.0

 

Total Earnings

 

$

429.6

 

$

305.1

 

$

295.1

 

$

(36.6

)

$

240.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

 

$

99.3

 

$

85.9

 

$

82.2

 

$

45.8

 

$

22.3

 

Rental expenses representative of an interest factor

 

1.1

 

1.0

 

1.7

 

1.5

 

1.5

 

Capitalized Interest

 

0.9

 

—

 

—

 

—

 

—

 

Amortization of deferred debt issuance costs and discount

 

6.2

 

6.8

 

6.6

 

3.9

 

1.2

 

Total Fixed Charges

 

$

107.5

 

$

93.7

 

$

90.5

 

$

51.2

 

$

25.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to total fixed charges

 

4.0

 

3.3

 

3.3

 

 

*

9.6

 

 

* For the fiscal year ended December 31, 2008, our earnings were insufficient to cover our fixed charges by $87.8 million.

 

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