EX-12.1 10 j9030501ex12-1.txt COMPUTATION OF RATIOS OF EARNINGS 1 Exhibit 12.1
WESCO International Computation of Ratio of Earnings to Fixed Charges (In Thousands) ------------- -------------- ------------- -------------- -------------- Year Ended Year Ended Year Ended Year Ended Year Ended December 31, December 31, December 31, December 31, December 31, ------------- -------------- ------------- -------------- -------------- 1996 1997 1998 1999 2000 ------------- -------------- ------------- -------------- -------------- Consolidated Statements of Income Data Income (loss) before income taxes, cumulative effect and extraordinary charge $ 50,826 $ 59,947 $ 783 $ 58,478 $ 56,713 Add: Portion of rents representative of the interest factor 7,344 8,790 9,700 11,100 10,100 Interest on indebtedness 17,067 19,721 43,640 45,920 43,276 Amortization of deferred financing costs 315 388 1,460 1,080 524 -------- -------- -------- -------- -------- Income as adjusted $ 75,552 $ 88,846 $ 55,583 $116,578 $110,613 ======== ======== ======== ======== ======== Fixed charges: Portion of rents representative of the interest factor $ 7,344 $ 8,790 $ 9,700 $ 11,100 $ 10,100 Interest on indebtedness 17,067 19,721 43,640 45,920 43,276 Amortization of deferred financing costs 315 388 1,460 1,080 524 -------- -------- -------- -------- -------- Fixed charges $ 24,726 $ 28,899 $ 54,800 $ 58,100 $ 53,900 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 3.1 3.1 1.0 2.0 2.1 ======== ======== ======== ======== ======== WESCO International Computation of Ratio of Earnings to Fixed Charges (In Thousands) Pro Forma Pro Forma ------------ ----------- -------------- ------------ Six Months Six Months Six Months Ended Ended Year Ended Ended June 30, June 30, December 31, June 30, ------------ ----------- -------------- ------------ 2000 2001 2000 2001 ------------ ----------- -------------- ------------ Consolidated Statements of Income Data Income (loss) before income taxes, cumulative effect and extraordinary charge $ 36,583 $ 18,341 $ 52,253 16,111 Add: Portion of rents representative of the interest factor 4,836 5,324 10,100 5,324 Interest on indebtedness 21,357 21,603 47,667 23,799 Amortization of deferred financing costs 262 331 593 365 -------- -------- -------- -------- Income as adjusted $ 63,038 $ 45,599 $110,613 45,599 ======== ======== ======== ======== Fixed charges: Portion of rents representative of the interest factor $ 4,836 $ 5,324 $ 10,100 5,324 Interest on indebtedness 21,357 21,603 47,667 23,799 Amortization of deferred financing costs 262 331 593 365 -------- -------- -------- -------- Fixed charges $ 26,455 $ 27,258 $ 58,360 29,488 ======== ======== ======== ======== Ratio of earnings to fixed charges 2.4 1.7 1.9 1.5 ======== ======== ======== ========