EX-12.1 2 d230056dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

Jarden Corporation

Ratio of Earnings to Fixed Charges Calculation (A)

 

      For the Years Ended December 31,  

(in millions)

   2011      2010     2009      2008     2007  

Earnings Before Fixed Charges:

            

Net income (loss)

   $ 204.7       $ 106.7      $ 128.7       $ (58.9   $ 28.1   

Add: Income tax provision

     125.7         122.8        110.5         26.3        38.5   

Less/add: Equity (income) loss of minority-owned companies

     0.5         (1.3 )     0.1         0.1        0.2   

Add: Amortization of capitalized interest

     0.2         0.1        0.2         0.2        0.1   

Add: Fixed charges

     216.2         209.9        176.6         206.3        173.9   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Total earnings available for fixed charges

   $ 547.3       $ 438.2      $ 416.1       $ 174.0      $ 240.8   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Fixed Charges:

            

Interest expense

   $ 179.7       $ 177.8      $ 147.3       $ 178.7      $ 149.7   

Interest component of rental expense

     36.5         32.0        29.3         27.6        24.0   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Total fixed charges before capitalized interest

     216.2         209.8        176.6         206.3        173.7   

Capitalized interest

     —           0.1        —           —          0.2   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Total Fixed Charges

   $ 216.2       $ 209.9      $ 176.6       $ 206.3      $ 173.9   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

     2.5         2.1        2.4         (B     1.4   

 

(A)  – This Exhibit is provided as required by Item 503(d) of Regulation S-K solely because the Company has outstanding debt securities registered under the Securities Act of 1933, as amended. Neither the Company’s registered debt securities nor its senior secured credit facility contains a ratio of earnings-to-fixed-charges covenant.

 

(B)  – Due to the loss in 2008, additional net income of $32.3 is required to achieve a ratio of 1:1.