EX-12.1 2 bgc-2012330_exhibit121xres.htm EXHIBIT 12.1 BGC-2012.3.30_Exhibit12.1 - RESTATED


Exhibit 12.1
GENERAL CABLE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(in millions)
 
 
Three Fiscal Months
Ended
March 30,
 
Year ended December 31,
 
2012
 
2011
 
2010
 
2009
 
2008
 
2007
EARNINGS AS DEFINED
 
 
 
 
 
 
 
 
 
 
 
Earnings from operations before income taxes and before adjustments for minority interests in consolidated subsidiaries and after eliminating undistributed earnings of equity method investees
$
34.5

  
$
106.9

  
$
114.4

  
$
82.6

  
$
277.9

 
$
299.2

Preferred stock dividend (pre-tax equivalent)
(0.1
)
 
(0.3
)
 
(0.3
)
 
(0.3
)
 
(0.3
)
 
(0.5
)
Fixed charges
26.8

  
104.7

  
82.1

  
92.7

  
109.2

 
71.3

TOTAL EARNINGS, AS DEFINED
$
61.2

  
$
211.3

  
$
196.2

  
$
175.0

  
$
386.8

 
$
370.0

FIXED CHARGES, AS DEFINED
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
24.0

  
$
94.8

  
$
73.7

  
$
82.1

  
$
98.4

 
$
63.6

Amortization of capitalized expenses related to debt
0.7

  
4.4

  
3.3

  
4.5

  
5.7

 
3.6

Preferred stock dividend (pre-tax equivalent)
0.1

  
0.3

  
0.3

  
0.3

  
0.3

 
0.5

Interest component of rent expense
2.0

  
5.2

  
4.8

  
5.8

  
4.8

 
3.6

TOTAL FIXED CHARGES, AS DEFINED
$
26.8

  
$
104.7

  
$
82.1

  
$
92.7

  
$
109.2

 
$
71.3

RATIO OF EARNINGS TO FIXED CHARGES
2.3

  
2.0

  
2.4

  
1.9

  
3.5

 
5.2