Exhibit 12
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Revlon Consumer Production Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
Pro Forma | ||||||||||||||||||||||||||||||||
Year Ended | Three Months Ended | |||||||||||||||||||||||||||||||
Year Ended December 31, | December 31, | March 31, | ||||||||||||||||||||||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | 2009 | 2009 | 2010 | |||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
(Loss) income from continuing operations before income taxes | $ | (71.4 | ) | $ | (225.4 | ) | $ | (4.5 | ) | $ | 36.9 | $ | 66.6 | $ | 74.6 | $ | 12.4 | $ | 9.2 | |||||||||||||
Interest expense | 129.5 | 147.7 | 135.6 | 119.7 | 93.0 | 91.1 | 24.1 | 22.9 | ||||||||||||||||||||||||
Amortization of debt issuance costs | 6.9 | 7.5 | 3.3 | 5.6 | 5.5 | 5.2 | 1.4 | 1.4 | ||||||||||||||||||||||||
Portion of rental expense deemed to represent interest | 5.7 | 6.4 | 6.0 | 5.0 | 5.5 | 5.5 | 1.4 | 1.4 | ||||||||||||||||||||||||
Earnings (loss) before fixed charges | $ | 70.7 | $ | (63.8 | ) | $ | 140.4 | $ | 167.2 | $ | 170.6 | $ | 176.4 | $ | 39.3 | $ | 34.9 | |||||||||||||||
Interest expense | $ | 129.5 | $ | 147.7 | $ | 135.6 | $ | 119.7 | $ | 93.0 | $ | 91.1 | $ | 24.1 | $ | 22.9 | ||||||||||||||||
Amortization of debt issuance costs | 6.9 | 7.5 | 3.3 | 5.6 | 5.5 | 5.2 | 1.4 | 1.4 | ||||||||||||||||||||||||
Portion of rental expense deemed to represent interest | 5.7 | 6.4 | 6.0 | 5.0 | 5.5 | 5.5 | 1.4 | 1.4 | ||||||||||||||||||||||||
Fixed charges | $ | 142.1 | $ | 161.6 | $ | 144.9 | $ | 130.3 | $ | 104.0 | $ | 101.8 | $ | 26.9 | $ | 25.7 | ||||||||||||||||
Ratio of earnings to fixed charges | 0.5 | x | * | 1.0 | x | 1.3 | x | 1.6 | x | 1.7 | x | 1.5 | x | 1.4 | x |
* | For the year ended December 31, 2006, earnings were insufficient to cover fixed charges, therefore the ratio of earnings to fixed charges is not a relevant measure for this period. |
Revlon, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
Computation of Ratio of Earnings to Fixed Charges
Three Months Ended | ||||||||||||||||||||||||||||
Year Ended December 31, | March 31, | |||||||||||||||||||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | 2009 | 2010 | ||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||
(Loss) income from continuing operations before income taxes | $ | (77.1 | ) | $ | (232.0 | ) | $ | (11.5 | ) | $ | 29.2 | $ | 56.8 | $ | 10.7 | $ | 7.2 | |||||||||||
Interest expense | 129.5 | 147.7 | 135.6 | 119.7 | 93.0 | 24.1 | 21.3 | |||||||||||||||||||||
Interest expense-preferred stock dividend | — | — | — | — | — | — | 1.6 | |||||||||||||||||||||
Amortization of debt issuance costs | 6.9 | 7.5 | 3.3 | 5.6 | 5.8 | 1.4 | 1.7 | |||||||||||||||||||||
Portion of rental expense deemed to represent interest | 5.7 | 6.4 | 6.0 | 5.0 | 5.5 | 1.4 | 1.4 | |||||||||||||||||||||
Earnings (loss) before fixed charges | $ | 65.0 | $ | (70.4 | ) | $ | 133.4 | $ | 159.5 | $ | 161.1 | $ | 37.6 | $ | 33.2 | |||||||||||||
Interest expense | $ | 129.5 | $ | 147.7 | $ | 135.6 | $ | 119.7 | $ | 93.0 | $ | 24.1 | 21.3 | |||||||||||||||
Interest expense-preferred stock dividend | — | — | — | — | — | — | 1.6 | |||||||||||||||||||||
Amortization of debt issuance costs | 6.9 | 7.5 | 3.3 | 5.6 | 5.8 | 1.4 | 1.7 | |||||||||||||||||||||
Portion of rental expense deemed to represent interest | 5.7 | 6.4 | 6.0 | 5.0 | 5.5 | 1.4 | 1.4 | |||||||||||||||||||||
Fixed charges | $ | 142.1 | $ | 161.6 | $ | 144.9 | $ | 130.3 | $ | 104.3 | $ | 26.9 | $ | 26.0 | ||||||||||||||
Ratio of earnings to fixed charges | 0.5 | x | * | 0.9 | x | 1.2 | x | 1.5 | x | 1.4 | 1.3 |
* | For the year ended December 31, 2006, earnings were insufficient to cover fixed charges, therefore the ratio of earnings to fixed charges is not a relevant measure for this period. |