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
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| | | | | | | | | | | | | | | | | | Pro Forma
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| | | | | | | | | | | | | | | | | | Year Ended
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| | | Year Ended December 31, | | | December 31,
| |
| | | 2005 | | | 2006 | | | 2007 | | | 2008 | | | 2009 | | | 2009 | |
| | | (Dollars in millions) | |
| |
| (Loss) income from continuing operations before income taxes | | $ | (71.4 | ) | | $ | (225.4 | ) | | $ | (4.5 | ) | | $ | 36.9 | | | $ | 66.6 | | | $ | 74.6 | |
| Interest expense | | | 129.5 | | | | 147.7 | | | | 135.6 | | | | 119.7 | | | | 93.0 | | | | 91.1 | |
| Amortization of debt issuance costs | | | 6.9 | | | | 7.5 | | | | 3.3 | | | | 5.6 | | | | 5.5 | | | | 5.2 | |
| Portion of rental expense deemed to represent interest | | | 5.7 | | | | 6.4 | | | | 6.0 | | | | 5.0 | | | | 5.5 | | | | 5.5 | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| Earnings (loss) before fixed charges | | $ | 70.7 | | | $ | (63.8 | ) | | $ | 140.4 | | | $ | 167.2 | | | $ | 170.6 | | | $ | 176.4 | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| Interest expense | | $ | 129.5 | | | $ | 147.7 | | | $ | 135.6 | | | $ | 119.7 | | | $ | 93.0 | | | $ | 91.1 | |
| Amortization of debt issuance costs | | | 6.9 | | | | 7.5 | | | | 3.3 | | | | 5.6 | | | | 5.5 | | | | 5.2 | |
| Portion of rental expense deemed to represent interest | | | 5.7 | | | | 6.4 | | | | 6.0 | | | | 5.0 | | | | 5.5 | | | | 5.5 | |
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| Fixed charges | | $ | 142.1 | | | $ | 161.6 | | | $ | 144.9 | | | $ | 130.3 | | | $ | 104.0 | | | $ | 101.8 | |
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Ratio of earnings to fixed charges | | | 0.5 | x | | | * | | | | 1.0 | x | | | 1.3 | x | | | 1.6 | x | | | 1.7 | x |
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| * | | 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
| | | | | | | | | | | | | | | | | | | | | |
| | | Year Ended December 31, | |
| | | 2005 | | | 2006 | | | 2007 | | | 2008 | | | 2009 | |
| | | (Dollars in millions) | |
| |
| (Loss) income from continuing operations before income taxes | | $ | (77.1 | ) | | $ | (232.0 | ) | | $ | (11.5 | ) | | $ | 29.2 | | | $ | 56.8 | |
| Interest expense | | | 129.5 | | | | 147.7 | | | | 135.6 | | | | 119.7 | | | | 93.0 | |
| Amortization of debt issuance costs | | | 6.9 | | | | 7.5 | | | | 3.3 | | | | 5.6 | | | | 5.8 | |
| Portion of rental expense deemed to represent interest | | | 5.7 | | | | 6.4 | | | | 6.0 | | | | 5.0 | | | | 5.5 | |
| | | | | | | | | | | | | | | | | | | | | |
| Earnings (loss) before fixed charges | | $ | 65.0 | | | $ | (70.4 | ) | | $ | 133.4 | | | $ | 159.5 | | | $ | 161.1 | |
| | | | | | | | | | | | | | | | | | | | | |
| Interest expense | | $ | 129.5 | | | $ | 147.7 | | | $ | 135.6 | | | $ | 119.7 | | | $ | 93.0 | |
| Amortization of debt issuance costs | | | 6.9 | | | | 7.5 | | | | 3.3 | | | | 5.6 | | | | 5.8 | |
| Portion of rental expense deemed to represent interest | | | 5.7 | | | | 6.4 | | | | 6.0 | | | | 5.0 | | | | 5.5 | |
| | | | | | | | | | | | | | | | | | | | | |
| Fixed charges | | $ | 142.1 | | | $ | 161.6 | | | $ | 144.9 | | | $ | 130.3 | | | $ | 104.3 | |
| | | | | | | | | | | | | | | | | | | | | |
Ratio of earnings to fixed charges | | | 0.5 | x | | | * | | | | 0.9 | x | | | 1.2 | x | | | 1.5 | 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. |
