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Exhibit 12.1
Pliant Corporation
Statement Regarding Computation of
Ratios of Earnings to Fixed Charges
(in millions of dollars)
| | Fiscal Year Ended December 31, | | | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2000 | 2001 | 2002 | 2003 | 2004 | | | ||||||||
| Earnings: | |||||||||||||||
| Income (loss) before taxes | (72.5 | ) | 4.7 | (42.0 | ) | (87.8 | ) | (94.6 | ) | ||||||
| Fixed charges (from below) | 89.5 | 78.6 | 78.8 | 100.6 | 149.3 | ||||||||||
| Earnings | 17.0 | 83.3 | 36.8 | 12.8 | 54.7 | ||||||||||
Fixed Charges: | |||||||||||||||
| Interest expense | 87.2 | 76.0 | 75.3 | 96.4 | 145.7 | ||||||||||
| Estimated interest portion of operating leases (assumed 1/3) | 2.3 | 2.6 | 3.5 | 4.2 | 3.6 | ||||||||||
| Fixed charges | 89.5 | 78.6 | 78.8 | 100.6 | 149.3 | ||||||||||
Ratio of earnings to fixed charges | — | 1.1 | x | — | — | — | |||||||||
Deficiency of earnings to fixed charges | (72.5 | ) | — | (42.0 | ) | (87.8 | ) | (94.6 | ) | ||||||
| Six months ended June 30, | | | | | | | | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2004 | 2005 | | | | | | ||||||||
| Earnings: | |||||||||||||||
| Income (loss) before taxes | (44.2 | ) | (49.7 | ) | |||||||||||
| Fixed charges (from below) | 78.0 | 76.1 | |||||||||||||
| Earnings | 33.8 | 26.5 | |||||||||||||
Fixed Charges: | |||||||||||||||
| Interest expense | 76.2 | 74.6 | |||||||||||||
| Estimated interest portion of operating leases (assumed 1/3) | 1.8 | 1.5 | |||||||||||||
| Fixed charges | 78.0 | 76.1 | |||||||||||||
Ratio of earnings to fixed charges | |||||||||||||||
Deficiency of earnings to fixed charges | (44.2 | ) | (49.7 | ) | |||||||||||
Statement Regarding Computation of Ratios of Earnings to Fixed Charges (in millions of dollars)