EX-12.1 3 l15426aexv12w1.htm EX-12.1 EX-12.1
 

Exhibit 12.1
GENERAL CABLE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(in millions)
                                                 
    Six Fiscal    
    Months Ended   Years Ended December 31,
    July 1, 2005   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
  $ 33.3     $ 18.5     $ (1.2 )   $ (27.6 )   $ 58.1     $ (28.9 )
Preferred stock dividend (pre-tax equivalent)
    (4.6 )     (9.2 )     (0.9 )                  
Fixed charges
    26.7       49.4       53.6       47.5       51.5       67.8  
 
                                               
TOTAL EARNINGS, AS DEFINED
  $ 55.4     $ 58.7     $ 51.5     $ 19.9     $ 109.6     $ 38.9  
 
                                               
 
                                               
FIXED CHARGES, AS DEFINED
                                               
 
                                               
Interest expense
  $ 19.5     $ 35.0     $ 45.3     $ 41.3     $ 43.2     $ 61.4  
Amortization of capitalized expenses related to debt
    1.4       2.7       4.5       3.7       4.4       4.2  
Preferred stock dividend (pre-tax equivalent)
    4.6       9.2       0.9                    
Interest component of rent expense
    1.2       2.5       2.9       2.5       3.9       2.2  
 
                                               
TOTAL FIXED CHARGES, AS DEFINED
  $ 26.7     $ 49.4     $ 53.6     $ 47.5     $ 51.5     $ 67.8  
 
                                               
 
                                               
RATIO OF EARNINGS TO FIXED CHARGES
    2.1       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.