Exhibit 12.1
Suburban Propane Partners, L.P.
Computation of the Ratio of Earnings to Fixed Charges
(Dollars in thousands)
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![]() | Year Ended | ![]() | Six Months Ended | |||||||||||||||||||||||||||
![]() | September 30, 2000 | ![]() | September 29, 2001 | ![]() | September 28, 2002 | ![]() | September 27, 2003 | ![]() | September 25, 2004 | ![]() | March 27, 2004 | ![]() | March 26, 2005 | |||||||||||||||||
Income Before Provision for Income Taxes | ![]() | $ | 41,872 | ![]() | $ | 54,246 | ![]() | $ | 54,224 | ![]() | $ | 46,221 | ![]() | $ | 28,947 | ![]() | $ | 98,009 | ![]() | $ | 89,580 | |||||||||
Fixed Charges: | ![]() | |||||||||||||||||||||||||||||
Interest Expense (including amortization of debt issue costs) | ![]() | 42,703 | ![]() | 40,010 | ![]() | 35,925 | ![]() | 33,963 | ![]() | 41,261 | ![]() | 20,556 | ![]() | 20,578 | ||||||||||||||||
Rental Expense | ![]() | 6,368 | ![]() | 7,785 | ![]() | 8,002 | ![]() | 8,112 | ![]() | 9,105 | ![]() | 4,063 | ![]() | 4,564 | ||||||||||||||||
Total Fixed Charges | ![]() | 49,071 | ![]() | 47,795 | ![]() | 43,927 | ![]() | 42,075 | ![]() | 50,366 | ![]() | 24,619 | ![]() | 25,142 | ||||||||||||||||
Income Before Provision for Income Taxes plus Fixed Charges | ![]() | $ | 90,943 | ![]() | $ | 102,041 | ![]() | $ | 98,151 | ![]() | $ | 88,296 | ![]() | $ | 79,313 | ![]() | $ | 122,628 | ![]() | $ | 114,722 | |||||||||
Ratio of Earnings to Fixed Charges (a) | ![]() | 1.85 | ![]() | 2.13 | ![]() | 2.23 | ![]() | 2.10 | ![]() | 1.57 | ![]() | 4.98 | ![]() | 4.56 | ||||||||||||||||
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(a) | For purposes of determining the ratio of earnings to fixed charges, earnings are defined as income from continuing operations before income taxes plus fixed charges. Fixed charges consist of interest expense, including amortization of debt issuance costs and that portion of rental expenses on operating leases that management considers to be a reasonable approximation of interest. |