EXHIBIT 12.1
Consolidated Container Company LLC
Ratio of Earnings to Fixed Charges Worksheet
($ in thousands)
| Predecessor | Successor | ||||||||||||||||||||||||||||
Period from July 1, 1999 | Period from July 2, 1999 1999 | Year Ended December 31, 2000 | Year Ended December 31, 2001 | Year Ended December 31, 2002 | Year Ended December 31, 2003 | Six Months Ended June 30, 2003 | Six Months Ended June 30, 2004 | ||||||||||||||||||||||
Earnings: | |||||||||||||||||||||||||||||
Pretax income (loss) from continuing operations | $ | 5,005 | $ | 724 | $ | 22,927 | $ | (31,199 | ) | $ | (300,408 | ) | $ | (17,435 | ) | $ | (11,045 | ) | $ | (9,349 | ) | ||||||||
Add back: | |||||||||||||||||||||||||||||
Fixed charges | 5,756 | 31,777 | 68,428 | 62,359 | 59,004 | 67,204 | 34,056 | 38,699 | |||||||||||||||||||||
Total earnings | $ | 10,761 | $ | 32,501 | $ | 91,355 | $ | 31,160 | $ | (241,404 | ) | $ | 49,769 | $ | 23,011 | $ | 29,350 | ||||||||||||
Fixed Charges: | |||||||||||||||||||||||||||||
Interest expense | 4,484 | 27,155 | 58,581 | 50,485 | 47,180 | 56,821 | 28,559 | 34,076 | |||||||||||||||||||||
Interest in rental | 1,272 | 4,622 | 9,847 | 11,874 | 11,824 | 10,383 | 5,497 | 4,623 | |||||||||||||||||||||
Total fixed charges | $ | 5,756 | $ | 31,777 | $ | 68,428 | $ | 62,359 | $ | 59,004 | $ | 67,204 | $ | 34,056 | $ | 38,699 | |||||||||||||
Ratio of earnings to fixed charges | 1.9 | 1.0 | 1.3 | — | — | — | — | — | |||||||||||||||||||||
Deficiancy of earnings to cover fixed charges | n/a | n/a | n/a | $ | 31,199 | $ | 300,408 | $ | 17,435 | $ | 11,045 | $ | 9,349 | ||||||||||||||||
| (a) | We estimated our interest factor for rentals to be 33% of our actual rental costs. |
