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Exhibit 12.1
Accellent Inc.
Ratio of Earnings to Fixed Charges
(in thousands)
| | | | | | | Pro Forma as adjusted** | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | | Twelve Months Ended December 31, 2004 | | ||||||||||||||||||
| Twelve Months Ended December 31, | Nine Months Ended September 30, 2005 | Nine Months Ended September 30, 2005 | |||||||||||||||||||||||
| 2000 | 2001 | 2002 | 2003 | 2004 | |||||||||||||||||||||
Pre-tax income (loss) | $ | (16,282 | ) | $ | (8,502 | ) | $ | (32,557 | ) | $ | (932 | ) | $ | (2,137 | ) | $ | 21,978 | $ | (32,231 | ) | $ | (2,946 | ) | |||
Interest expense | 11,363 | 17,802 | 16,923 | 16,587 | 26,879 | 23,731 | 61,322 | 45,962 | ||||||||||||||||||
Amortization of capitalized interest | — | — | — | — | — | — | — | — | ||||||||||||||||||
Distributed income of equity investees | — | — | — | — | — | — | — | — | ||||||||||||||||||
Interest portion of rent* | 398 | 638 | 766 | 1,044 | 1,874 | 1,853 | 2,669 | 1,853 | ||||||||||||||||||
Earnings (loss) | (4,521 | ) | 9,938 | (14,868 | ) | 16,699 | 26,616 | 47,562 | 31,760 | 44,869 | ||||||||||||||||
Fixed charges | $ | 11,761 | $ | 18,440 | $ | 17,689 | $ | 17,631 | $ | 28,753 | $ | 25,584 | $ | 63,991 | $ | 47,815 | ||||||||||
Ratio | — | — | — | — | — | 1.9x | — | — | ||||||||||||||||||
Deficiency | $ | 16,282 | $ | 8,502 | $ | 32,557 | $ | 932 | $ | 2,137 | — | $ | 32,231 | $ | 2,946 |
UTI Pennsylvania***
Ratio of Earnings to fixed Charges
(in thousands)
| Year Ended December 31, 1999 | Five Months Ended May 31, 2000 | ||||||
---|---|---|---|---|---|---|---|---|
Pre-tax income (loss) | $ | 2,127 | $ | (16,840 | ) | |||
Interest expense | 592 | 257 | ||||||
Amortization of capitalized interest | — | — | ||||||
Distributed income of equity investees | — | — | ||||||
Interest portion of rent* | 259 | 123 | ||||||
Earnings (loss) | 2,978 | (16,460 | ) | |||||
Fixed charges | $ | 851 | $ | 380 | ||||
Ratio | 3.5x | — | ||||||
Deficiency | $ | — | $ | 16,840 |
- *
- Interest portion of rent is estimated to be one-third of rent expense.
- **
- For a description of the transactions included in the pro forma as adjusted columns, please refer to "The Transactions" on page 93 of the prospectus contained in the Registration Statement on Form S-4.
- ***
- UTI Pennsylvania is our predecessor. See "Selected Historical Consolidated Financial Data" on page 35 of the above referenced prospectus for a discussion of our predecessor.
Accellent Inc. Ratio of Earnings to Fixed Charges (in thousands)
UTI Pennsylvania*** Ratio of Earnings to fixed Charges (in thousands)