EX-12.1 2 c85040exv12w1.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)
                                         
    Year ended December 31,  
    2008     2007     2006     2005     2004  
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
  $ 338.4     $ 307.8     $ 204.3     $ 61.5     $ 18.5  
Preferred stock dividend (pre-tax equivalent)
    (0.3 )     (0.5 )     (0.5 )     (33.8 )     (9.2 )
Fixed charges
    73.2       52.5       43.3       76.7       49.4  
 
                             
TOTAL EARNINGS, AS DEFINED
  $ 411.3     $ 359.8     $ 247.1     $ 104.4     $ 58.7  
 
                             
 
                                       
FIXED CHARGES, AS DEFINED
                                       
 
Interest expense
  $ 61.0     $ 43.9     $ 36.9     $ 36.5     $ 35.0  
Amortization of capitalized expenses related to debt
    7.1       4.5       3.1       3.4       2.7  
Preferred stock dividend (pre-tax equivalent)
    0.3       0.5       0.5       33.8       9.2  
Interest component of rent expense
    4.8       3.6       2.8       3.0       2.5  
 
                             
TOTAL FIXED CHARGES, AS DEFINED
  $ 73.2     $ 52.5     $ 43.3     $ 76.7     $ 49.4  
 
                             
 
RATIO OF EARNINGS TO FIXED CHARGES
    5.6       6.9       5.7       1.4       1.2