Atlantic Express Transportation Corp
Computation of Ratio of Earnings to Fixed Charges (1)
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| Year ended | Year ended June 30, 2000 (3) | Year ended June 30, 2001 | Year ended June 30, 2002 | Year ended June 30, 2003 | Year ended June 30, 2004 | Year ended June 30, 2005 | Year ended June 30, 2006 | Nine months ended March 31, 2007(3) | Nine months ended March 31, 2006(3) | |
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Earnings |
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Income (loss) | $(4.5) | $(5.0) | $(11.3) | $(43.9) | $(16.0) | $58.4 | $(42.3) | $(29.6) | $(14.9) | $(27.0) | ||
Plus: fixed charges | 18.3 | 22.3 | 25.1 | 25 | 13.1 | 25.4 | 23.8 | 26.6 | 19.9 | 20.4 | ||
| $13.8 | $17.3 | $13.8 | $ (18.9) | $(2.9) | $83.8 | $(18.5) | $(3.0) | $5.0 | $(6.6) | ||
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Fixed Charges |
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Interest charges (2) | $18.1 | $22.1 | $24.6 | $24.3 | $12.9 | $25.2 | $23.5 | $25.9 | $19.2 | $20.1 | ||
Plus interest factor in | 0.2 | 0.2 | 0.5 | 0.7 | 0.2 | 0.2 | 0.3 | 0.7 | 0.6 | 0.3 | ||
| $18.3 | $22.3 | $25.1 | $25.0 | $13.1 | $25.4 | $23.8 | $26.6 | $19.8 | $20.4 | ||
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Ratio of earnings to | $(4.5) | $(5.0) | $(11.3) | $(43.9) | $(16.0) | 3.30x | $(42.3) | $(29.6) | $(14.8) | $(27.0) | ||
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(1) | The calculation excludes certain contractual interest of $11.8 million, $6.5 million and $6.5 million, as those amounts were not recorded as interest for the year ended June 30, 2003 and 2004 and nine months ended March 31, 2004, respectively, in the financial statements. | |||||||||||
(2) | Interest charges include interest paid or accrued and the amortization of debt discount and debt related finance costs. There is no capitalized interest | |||||||||||
(3) | Unaudited periods. |
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