EX-12.1 5 l10423aexv12w1.htm EX-12.1 Exhibit 12.1
 

Exhibit 12.1

GENERAL CABLE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(in millions)

                                                 
    Nine Fiscal
Months Ended
  Years Ended December 31,
    October 1, 2004
  2003
  2002
  2001
  2000
  1999
EARNINGS, AS DEFINED
                                               
Earnings (loss) from operations before income taxes and before adjustments for minority interests in consolidated subsidiaries and after eliminating undistributed earnings of equity method investees
  $ 14.9     $ (1.2 )   $ (27.6 )   $ 58.1     $ (28.9 )   $ 55.4  
Preferred stock dividend (pre-tax equivalent)
    (6.4 )     (0.9 )                        
Fixed charges
    36.1       53.2       47.1       51.5       67.8       43.4  
 
   
 
     
 
     
 
     
 
     
 
     
 
 
TOTAL EARNINGS, AS DEFINED
  $ 44.6     $ 51.1     $ 19.5     $ 109.6     $ 38.9     $ 98.8  
 
   
 
     
 
     
 
     
 
     
 
     
 
 
FIXED CHARGES, AS DEFINED
                                               
Interest expense
  $ 25.6     $ 44.9     $ 40.9     $ 43.2     $ 61.4     $ 39.0  
Amortization of capitalized expenses related to debt
    2.0       4.5       3.7       4.4       4.2       1.1  
Preferred stock dividend (pre-tax equivalent)
    6.4       0.9                          
Interest component of rent expense
    2.1       2.9       2.5       3.9       2.2       3.3  
 
   
 
     
 
     
 
     
 
     
 
     
 
 
TOTAL FIXED CHARGES, AS DEFINED
  $ 36.1     $ 53.2     $ 47.1     $ 51.5     $ 67.8     $ 43.4  
 
   
 
     
 
     
 
     
 
     
 
     
 
 
RATIO OF EARNINGS TO FIXED CHARGES
    1.2                   2.1             2.3  

For the years ended December 31, 2003, 2002 and 2000, earnings were insufficient to cover fixed charges by $2.1 million $27.6 million and $28.9 million, respectively.

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