EX-12.1 2 l12389aexv12w1.htm EXHIBIT 12.1 Exhibit 12.1
 

Exhibit 12.1

GENERAL CABLE CORPORATION AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges
(in millions)

                                         
    Years ended December 31,  
    2004     2003     2002     2001     2000  
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
   $ 18.5     $ (1.2 )   $ (27.6 )   $ 58.1     $ (28.9 )
Preferred stock dividend (pre-tax equivalent)
     (9.2 )     (0.9 )     —       —       —  
Fixed charges
     49.4       53.6       47.5       51.5       67.8  
 
                              
TOTAL EARNINGS, AS DEFINED
   $ 58.7     $ 51.5     $ 19.9     $ 109.6     $ 38.9  
 
                              
 
                                        
FIXED CHARGES, AS DEFINED
                                        
 
                                        
Interest expense
   $ 35.0     $ 45.3     $ 41.3     $ 43.2     $ 61.4  
Amortization of capitalized expenses related to debt
     2.7       4.5       3.7       4.4       4.2  
Preferred stock dividend (pre-tax equivalent)
     9.2       0.9       —       —       —  
Interest component of rent expense
     2.5       2.9       2.5       3.9       2.2  
 
                              
TOTAL FIXED CHARGES, AS DEFINED
   $ 49.4     $ 53.6     $ 47.5     $ 51.5     $ 67.8  
 
                              
 
                                        
RATIO OF EARNINGS TO FIXED CHARGES
     1.2       —       —       2.1       —  

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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