Exhibit 12.1
Pliant Corporation
Statement Regarding Computation of
Ratios of Earnings to Fixed Charges
(in millions)
| | Fiscal Year Ended December 31, | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 1999 | 2000 | 2001 | 2002 | 2003 | |||||||
| Earnings: | ||||||||||||
| Income (loss) before taxes | 32.4 | (72.5 | ) | 4.7 | (44.9 | ) | (109.1 | ) | ||||
| Fixed charges (from below) | 46.2 | 89.5 | 78.6 | 78.8 | 100.6 | |||||||
| Earnings | 78.6 | 17.0 | 83.3 | 33.9 | (8.5 | ) | ||||||
Fixed Charges: | ||||||||||||
| Interest expense | 44.0 | 87.2 | 76.0 | 75.3 | 96.4 | |||||||
| Estimated interest portion of operating leases (assumed 1/3) | 2.2 | 2.3 | 2.6 | 3.5 | 4.2 | |||||||
| Fixed charges | 46.2 | 89.5 | 78.6 | 78.8 | 100.6 | |||||||
Ratio of earnings to fixed charges | 1.7 | x | — | 1.1 | x | — | — | |||||
Deficiency of earnings to fixed charges | — | (72.5 | ) | — | (44.9 | ) | (109.1 | ) | ||||