Exhibit 12.1
United Components, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In Thousands)
Year Ended December 31, | |||||||||||||||||||||||||
Pro Forma | |||||||||||||||||||||||||
1998 | 1999 | 2000 | 2001 | 2002 | 2002 | ||||||||||||||||||||
Earnings before income taxes | 71,164 | 84,613 | 80,424 | 83,157 | 108,043 | 8,913 | |||||||||||||||||||
Fixed charges | 3,894 | 3,125 | 3,107 | 3,379 | 2,927 | 51,043 | |||||||||||||||||||
Total Earnings | 75,058 | 87,738 | 83,531 | 86,536 | 110,970 | 59,956 | |||||||||||||||||||
Interest expense | 2,094 | 1,325 | 907 | 1,079 | 927 | 46,362 | |||||||||||||||||||
Amortization of financing and debt issuance costs | 2,681 | ||||||||||||||||||||||||
Estimated interest in rent expense | 1,800 | 1,800 | 2,200 | 2,300 | 2,000 | 2,000 | |||||||||||||||||||
Total Fixed Charges | 3,894 | 3,125 | 3,107 | 3,379 | 2,927 | 51,043 | |||||||||||||||||||
Ratio of earnings to fixed charges (1) | 19.3 | 28.1 | 26.9 | 25.6 | 37.9 | 1.2 | |||||||||||||||||||
Deficit, earnings less than fixed charges | — | — | — | — | — | — |
Predecessor | UCI | Predecessor | UCI | |||||||||||||||||
Combined | Consolidated | Combined | Consolidated | Pro Forma | ||||||||||||||||
April 1, 2003 | June 21, 2003 | Jan. 1, 2003 | June 21, 2003 | Six Months | ||||||||||||||||
through | through | through | through | ended | ||||||||||||||||
June 20, 2003 | June 30, 2003 | June 20, 2003 | June 30, 2003 | June 30, 2003 | ||||||||||||||||
Earnings before income taxes | (514 | ) | (4,844 | ) | 22,724 | (4,844 | ) | (38,930 | ) | |||||||||||
Fixed charges | 571 | 3,910 | 1,195 | 3,910 | 26,919 | |||||||||||||||
57 | (934 | ) | 23,919 | (934 | ) | (12,011 | ) | |||||||||||||
Interest expense | 121 | 3,787 | 245 | 3,787 | 24,590 | |||||||||||||||
Amortization of financing and debt issuance costs | 73 | 73 | 1,329 | |||||||||||||||||
Estimated interest in rent expense | 450 | 50 | 950 | 50 | 1,000 | |||||||||||||||
571 | 3,910 | 1,195 | 3,910 | 26,919 | ||||||||||||||||
Ratio of earnings to fixed charges (1) | 20.0 | |||||||||||||||||||
Deficit, earnings less than fixed charges | 514 | 4,844 | — | 4,844 | 38,930 |
(1) | Ratio of earnings to fixed charges is calculated by dividing earnings before fixed charges and income taxes by fixed charges. Fixed charges are interest expense, amortization of financing and debt issuance costs, and an estimate of interest within rent expense. |