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- S-4/A Registration of securities issued in business combination transactions
- 3.203 Exhibit 3.203
- 3.204 Exhibit 3.204
- 3.80 Exhibit 3.80
- 4.1 Exhibit 4.1
- 4.2 Exhibit 4.2
- 4.3 Exhibit 4.3
- 5.1 Exhibit 5.1
- 5.2 Exhibit 5.2
- 5.3 Exhibit 5.3
- 5.4 Exhibit 5.4
- 5.5 Exhibit 5.5
- 10.1 Exhibit 10.1
- 10.2 Exhibit 10.2
- 10.3 Exhibit 10.3
- 10.4 Exhibit 10.4
- 10.5 Exhibit 10.5
- 10.6 Exhibit 10.6
- 10.7 Exhibit 10.7
- 10.8 Exhibit 10.8
- 10.9 Exhibit 10.9
- 10.10 Exhibit 10.10
- 10.11 Exhibit 10.11
- 10.12 Exhibit 10.12
- 10.13 Exhibit 10.13
- 10.14 Exhibit 10.14
- 10.15 Exhibit 10.15
- 10.16 Exhibit 10.16
- 10.17 Exhibit 10.17
- 10.18 Exhibit 10.18
- 10.19 Exhibit 10.19
- 10.20 Exhibit 10.20
- 10.21 10.21
- 10.22 Exhibit 10.22
- 10.23 Exhibit 10.23
- 10.24 Exhibit 10.24
- 10.25 Exhibit 10.25
- 10.26 Exhibit 10.26
- 10.27 Exhibit 10.27
- 10.28 Exhibit 10.28
- 10.29 Exhibit 10.29
- 10.30 Exhibit 10.30
- 10.31 Exhibit 10.31
- 10.32 Exhibit 10.32
- 10.33 Exhibit 10.33
- 10.34 Exhibit 10.34
- 10.35 Exhibit 10.35
- 10.36 Exhibit 10.36
- 10.37 Exhibit 10.37
- 10.38 Exhibit 10.38
- 10.39 Exhibit 10.39
- 10.40 Exhibit 10.40
- 10.41 Exhibit 10.41
- 12.1 Exhibit 12.1
- 21.1 Exhibit 21.1
- 25.1 Exhibit 25.1
- 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
EXHIBIT 12.1
Warner Music Group
(Otherwise known as WMG Acquisition Corp.)
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
|
| Historical |
| Pro Forma |
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|
| Predecessor |
| Successor |
| Twelve |
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| Ten Months |
| Three Months |
| Seven Months |
| Months |
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| Ended |
| Ended |
| Ended |
| Ended |
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| Years Ended November 30, |
| September 30, |
| February 28, |
| September 30, |
| September 30, |
| ||||||||||||||
(Dollars in millions) |
| 2000 |
| 2001 |
| 2002 |
| 2003 |
| 2003 |
| 2004 |
| 2004 |
| 2004 |
| ||||||||
Loss before Income taxes |
| $ | (365 | ) | $ | (1,066 | ) | $ | (1,570 | ) | $ | (1,317 | ) | $ | (268 | ) | $ | (15 | ) | $ | (74 | ) | $ | (1,161 | ) |
Add: |
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Fixed charges |
| 74 |
| 89 |
| 78 |
| 65 |
| 50 |
| 8 |
| 99 |
| 151 |
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Income as adjusted before income taxes |
| $ | (291 | ) | $ | (977 | ) | $ | (1,492 | ) | $ | (1,252 | ) | $ | (218 | ) | $ | (7 | ) | $ | 25 |
| $ | (1,010 | ) |
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Fixed Charges |
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| ||||||||
Interest expense |
| $ | 56 |
| $ | 71 |
| $ | 59 |
| $ | 47 |
| $ | 36 |
| $ | 4 |
| $ | 91 |
| 135 |
| |
Portion of rental expense representative of interest(1) |
| 18 |
| 18 |
| 19 |
| 18 |
| 14 |
| 4 |
| 8 |
| 16 |
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Total fixed charges |
| $ | 74 |
| $ | 89 |
| $ | 78 |
| $ | 65 |
| $ | 50 |
| $ | 8 |
| $ | 99 |
| $ | 151 |
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| ||||||||
Deficiency in earnings over fixed charges |
| $ | (365 | ) | $ | (1,066 | ) | $ | (1,570 | ) | $ | (1,317 | ) | $ | (268 | ) | $ | (15 | ) | $ | (74 | ) | $ | (1,161 | ) |
(1) Estimated at 1/3 of total rent expense.