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- S-4/A Registration of securities issued in business combination transactions
- 3.3 Exhibit 3.3
- 3.4 Exhibit 3.4
- 3.5 Exhibit 3.5
- 3.6 Exhibit 3.6
- 3.9 Exhibit 3.9
- 3.10 Exhibit 3.10
- 3.11 Exhibit 3.11
- 3.12 Exhibit 3.12
- 3.13 Exhibit 3.13
- 3.14 Exhibit 3.14
- 3.15 Exhibit 3.15
- 3.16 Exhibit 3.16
- 3.17 Exhibit 3.17
- 3.18 Exhibit 3.18
- 3.19 Exhibit 3.19
- 3.20 Exhibit 3.20
- 3.21 Exhibit 3.21
- 3.22 Exhibit 3.22
- 3.23 Exhibit 3.23
- 3.24 Exhibit 3.24
- 3.25 Exhibit 3.25
- 3.26 Exhibit 3.26
- 3.27 Exhibit 3.27
- 3.28 Exhibit 3.28
- 3.29 Exhibit 3.29
- 3.30 Exhibit 3.30
- 3.31 Exhibit 3.31
- 3.32 Exhibit 3.32
- 3.33 Exhibit 3.33
- 3.34 Exhibit 3.34
- 3.35 Exhibit 3.35
- 3.36 Exhibit 3.36
- 3.37 Exhibit 3.37
- 3.38 Exhibit 3.38
- 3.39 Exhibit 3.39
- 3.40 Exhibit 3.40
- 3.41 Exhibit 3.41
- 3.42 Exhibit 3.42
- 3.43 Exhibit 3.43
- 3.44 Exhibit 3.44
- 3.45 Exhibit 3.45
- 3.46 Exhibit 3.46
- 3.47 Exhibit 3.47
- 3.48 Exhibit 3.48
- 3.49 Exhibit 3.49
- 3.50 Exhibit 3.50
- 3.51 Exhibit 3.51
- 3.52 Exhibit 3.52
- 3.53 Exhibit 3.53
- 3.54 Exhibit 3.54
- 3.55 Exhibit 3.55
- 3.56 Exhibit 3.56
- 3.57 Exhibit 3.57
- 3.58 Exhibit 3.58
- 3.59 Exhibit 3.59
- 3.60 Exhibit 3.60
- 3.61 Exhibit 3.61
- 4.8 Exhibit 4.8
- 4.9 Exhibit 4.9
- 4.10 Exhibit 4.10
- 4.11 Exhibit 4.11
- 4.13 Exhibit 4.13
- 4.14 Exhibit 4.14
- 5.1 Exhibit 5.1
- 5.2 Exhibit 5.2
- 8.1 Exhibit 8.1
- 12.1 Exhibit 12.1
- 23.1 Exhibit 23.1
- 99.1 Exhibit 99.1
- 99.2 Exhibit 99.2
- 99.3 Exhibit 99.3
- 99.4 Exhibit 99.4
- 99.5 Exhibit 99.5
- 99.6 Exhibit 99.6
- 99.7 Exhibit 99.7
- 99.8 Exhibit 99.8
- 99.9 Exhibit 99.9
- 99.10 Exhibit 99.10
- 99.11 Exhibit 99.11
- 99.12 Exhibit 99.12
- 99.13 Exhibit 99.13
- 99.14 Exhibit 99.14
- 99.15 Exhibit 99.15
- 99.16 Exhibit 99.16
- 99.17 Exhibit 99.17
- 99.18 Exhibit 99.18
- 99.19 Exhibit 99.19
- 99.20 Exhibit 99.20
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
|
| Fiscal Year |
| Year Ended |
| Nine Months |
| Nine Months | ||||||||
|
| 1998 |
| 1999 |
| 2000 |
| 2001 |
| 2002 |
| exchange offer |
| 2003 |
| exchange offer (4) |
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss) income prior to cumulative effect of change in accounting principle |
| (34.0 | ) | (146.1 | ) | 37.0 |
| (336.4 | ) | (374.7 | ) |
|
| (76.1 | ) |
|
Taxes on net loss |
| 77.9 |
| (48.2 | ) | 15.2 |
| 123.4 |
| 14.7 |
|
|
| 19.7 |
|
|
Total fixed charges |
| 89.0 |
| 94.0 |
| 96.0 |
| 97.6 |
| 95.1 |
|
|
| 76.5 |
|
|
Capitalized interest |
| (9.7 | ) | (4.6 | ) | (.2 | ) | (.7 | ) | (1.4 | ) |
|
| 0.3 |
|
|
Capitalized interest amortized |
| 2.3 |
| 2.2 |
| 2.4 |
| 2.2 |
| 2.3 |
|
|
| 1.7 |
|
|
Equity loss/(earnings of non-consolidated associated companies accounted for by the equity method, net of dividends) |
| (7.9 | ) | (11.0 | ) | (8.9 | ) | (4.6 | ) | (4.3 | ) |
|
| (2.9 | ) |
|
|
| 117.6 |
| (113.7 | ) | 141.5 |
| (118.5 | ) | (268.3 | ) |
|
| 18.7 |
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense (including dividend on trust preferred security) |
| 62.5 |
| 70.2 |
| 83.3 |
| 84.5 |
| 83.0 |
|
|
| 70.6 |
|
|
Capitalized interest |
| 9.7 |
| 4.6 |
| .1 |
| .7 |
| 1.4 |
|
|
| 0.3 |
|
|
Imputed interest on non-capitalized lease payment |
| 16.8 |
| 19.2 |
| 12.6 |
| 12.4 |
| 10.7 |
|
|
| 5.6 |
|
|
|
| 89.0 |
| 94.0 |
| 96.0 |
| 97.6 |
| 95.1 |
|
|
| 76.5 |
|
|
Ration of earnings to combined fixed charges and preferred share dividends(1)(2)(3) |
| 1.32 |
| — |
| 1.47 |
| — |
| — |
|
|
| — |
|
|
(1) Includes in years 1999, 2000, 2001, and 2002 dividends on preferred securities of a subsidiary trust of $15.2, $15.8, $15.8 and $16.6, respectively and includes in the nine-month period ended September 26, 2003 $14.4 million. The pro forma results include a $__ million reduction in dividends on the trust securities.
(2) Includes increase in the tax valuation allowance of $197.0 in the year 2001, $175.6 in the year 2002 and $37 million for the nine months ended September 26, 2003.
(3) Earnings are inadequate to cover fixed charges. The yearly coverage deficiencies are $207.7 in 1999, $216.1 in 2001 and $363.4 in 2002. The coverage deficiency was $_____ million for the year ended December 27, 2002 on a pro forma basis for the exchange offer. The nine-month coverage deficiency is $57.9 in the nine months ended September 26, 2003. The coverage deficiency is $_____ million for the nine months ended September 26, 2003 on a pro forma basis for the exchange offer.
(4) Assumes that:
· holders of at least __% of the aggregate liquidation amount of trust securities having validly tendered, and not validly withdrawn, those trust securities; and
· holders of at least __% of the aggregate principal amount of convertible notes having validly tendered, and not validly withdrawn, those convertible notes; and
· holders of at least __% of the aggregate principal amount of Robbins bonds having validly tendered, and not validly withdrawn, those Robbins bonds; and
· holders of at least ___% of the aggregate principal amount of 2005 notes having validly tendered, and not validly withdrawn, those 2005 notes.