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S-3ASR Filing
Quanta Services (PWR) S-3ASRAutomatic shelf registration
Filed: 22 Aug 06, 12:00am
Six | ||||||||||||||||||||||||||||
Year Ended December 31, | Months Ended | |||||||||||||||||||||||||||
2001 | 2002 | 2003 | 2004 | 2005 | June 30, 2006 | |||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | 156,966 | (193,844 | ) | (53,069 | ) | (12,645 | ) | 52,247 | 43,151 | |||||||||||||||||||
Fixed Charges | ||||||||||||||||||||||||||||
Interest expense and amortization of debt issuance costs on all indebtedness (b) | 36,072 | 35,866 | 31,822 | 25,067 | 23,949 | 15,678 | ||||||||||||||||||||||
Appropriate portion (1/3) of rent expense relating to interest | 7,953 | 10,329 | 15,990 | 17,094 | 21,285 | 11,385 | ||||||||||||||||||||||
Fixed Charges | 44,025 | 46,195 | 47,812 | 42,161 | 45,234 | 27,063 | ||||||||||||||||||||||
Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus Fixed Charges | 200,991 | (147,649 | ) | (5,257 | ) | 29,516 | 97,481 | 70,214 | ||||||||||||||||||||
Ratio of Earnings to Fixed Charges | 4.6 | (a | ) | (a | ) | (a | ) | 2.2 | 2.6 |
(a) | Due to the losses for the years ended December 31, 2002, 2003 and 2004, the ratio of earnings to fixed charges for such periods was less than 1:1. In order to achieve a coverage ratio of 1:1, we needed additional earnings of $193.8 million for the year ended December 31, 2002, $53.1 million for the year ended December 31, 2003, and $12.6 million for the year ended December 31, 2004. | |
(b) | No interest was capitalized for any period. |