EX-12.1 6 l18783aexv12w1.txt 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, ------------------------------------------------------------- 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 $ 61.5 $ 18.5 $ (1.2) $ (27.6) $ 58.1 $ (28.9) Preferred stock dividend (pre-tax equivalent) (33.8) (9.2) (0.9) - - - Fixed charges 76.7 49.4 53.6 47.5 51.5 67.8 -------- -------- -------- ------ -------- -------- TOTAL EARNINGS, AS DEFINED $ 104.4 $ 58.7 $ 51.5 $ 19.9 $ 109.6 $ 38.9 ======== ======== ======== ======== ======== ======== FIXED CHARGES, AS DEFINED Interest expense $ 36.5 $ 35.0 $ 45.3 $ 41.3 $ 43.2 $ 61.4 Amortization of capitalized expenses related to debt 3.4 2.7 4.5 3.7 4.4 4.2 Preferred stock dividend (pre-tax equivalent) 33.8 9.2 0.9 - - - Interest component of rent expense 3.0 2.5 2.9 2.5 3.9 2.2 -------- -------- -------- -------- -------- -------- TOTAL FIXED CHARGES, AS DEFINED $ 76.7 $ 49.4 $ 53.6 $ 47.5 $ 51.5 $ 67.8 ======== ======== ======== ======== ======== ======== RATIO OF EARNINGS TO FIXED CHARGES 1.4 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.