EX-12.1 2 d12340dex121.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)

   2015     2014      2013     2012     2011  

Earnings Before Fixed Charges:

           

Net income

   $ 146.5      $ 242.5       $ 203.9      $ 243.9      $ 204.7   

Add: Income tax provision

     135.1        130.3         147.7        147.6        125.7   

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

     (1.9     2.6         (0.3     (0.9     0.5   

Add: Amortization of capitalized interest

     0.1        —           —          —          0.2   

Add: Fixed charges

     276.2        260.6         236.6        219.6        216.2   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total earnings available for fixed charges

   $ 556.0      $ 636.0       $ 587.9      $ 610.2        547.3   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Fixed Charges:

           

Net interest expense

   $ 226.1      $ 210.3       $ 195.4      $ 185.3        179.7   

Interest component of rental expense

     50.1        50.0         39.9        34.3        36.5   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total fixed charges before capitalized interest

     276.2        260.3         235.3        219.6        216.2   

Capitalized interest

     —          0.3         1.3        —          —     
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 276.2      $ 260.6       $ 236.6      $ 219.6        216.2   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

     2.0        2.4         2.5        2.8        2.5   

 

(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.