EX-12.1 2 d629278dex121.htm EX-12.1 EX-12.1

EXHIBIT 12.1

Jarden Corporation

Ratio of Earnings to Fixed Charges Calculation (A)

 

     For the Years Ended December 31,  

(in millions)

   2013     2012     2011      2010     2009  

Earnings Before Fixed Charges:

           

Net income

   $ 203.9     $ 243.9     $ 204.7      $ 106.7     $ 128.7   

Add: Income tax provision

     147.7       147.6       125.7        122.8       110.5   

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

     (0.3 )     (0.9 )     0.5        (1.3 )     0.1   

Add: Amortization of capitalized interest

     —         —         0.2        0.1       0.2   

Add: Fixed charges

     236.6       219.6       216.2        209.9       176.6   
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Total earnings available for fixed charges

   $ 587.9     $ 610.2     $ 547.3      $ 438.2     $ 416.1   
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Fixed Charges:

           

Net interest expense

   $ 195.4     $ 185.3     $ 179.7      $ 177.8     $ 147.3   

Interest component of rental expense

     39.9       34.3       36.5        32.0       29.3   
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Total fixed charges before capitalized interest

     235.3       219.6       216.2        209.8       176.6   

Capitalized interest

     1.3       —         —          0.1       —    
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Total fixed charges

   $ 236.6     $ 219.6     $ 216.2      $ 209.9     $ 176.6   
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

     2.5       2.8       2.5        2.1       2.4   

 

(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.