EX-12.1 2 dex121.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

July 1,

       
       Year ended December 31,  
     2011     2010     2009     2008     2007     2006  

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

   $ 112.4      $ 122.7      $ 96.3      $ 280.5      $ 298.5      $ 364.3   

Preferred stock dividend (pre-tax equivalent)

     (0.2     (0.3     (0.3     (0.3     (0.5     (0.5

Fixed charges

     50.6        82.1        92.7        109.2        71.3        44.4   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

TOTAL EARNINGS, AS DEFINED

   $ 162.8      $ 204.5      $ 188.7      $ 389.4      $ 369.3      $ 408.2   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

FIXED CHARGES, AS DEFINED

            

Interest expense

   $ 46.0      $ 73.7      $ 82.1      $ 98.4      $ 63.6      $ 38.1   

Amortization of capitalized expenses related to debt

     1.6        3.3        4.5        5.7        3.6        3.0   

Preferred stock dividend (pre-tax equivalent)

     0.2        0.3        0.3        0.3        0.5        0.5   

Interest component of rent expense

     2.8        4.8        5.8        4.8        3.6        2.8   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

TOTAL FIXED CHARGES, AS DEFINED

   $ 50.6      $ 82.1      $ 92.7      $ 109.2      $ 71.3      $ 44.4   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

     3.2        2.5        2.0        3.6        5.2        9.2