(Exhibit 12.1)
Hanesbrands Inc.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
(Unaudited)
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
(Unaudited)
Six Months | ||||||||||||||||||||||||
Year Ended | Ended | Years Ended | ||||||||||||||||||||||
December 29, | December 30, | July 1, | July 2, | July 3, | June 28, | |||||||||||||||||||
2007 | 2006 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||
Income from continuing operations before income tax expense, minority interest and income/loss from equity investees | $ | 185,321 | $ | 112,830 | $ | 417,543 | $ | 343,099 | $ | 397,512 | $ | 545,838 | ||||||||||||
Fixed charges | 223,395 | 90,168 | 44,366 | 52,596 | 52,743 | 59,538 | ||||||||||||||||||
Amortization of capitalized interest | 3,676 | 2,024 | 4,227 | 5,000 | 6,438 | 7,990 | ||||||||||||||||||
Distributed income of equity investees | — | — | — | 3,030 | 3,943 | 4,929 | ||||||||||||||||||
Interest capitalized | (2,184 | ) | (1,904 | ) | (4,656 | ) | (1,694 | ) | (1,353 | ) | (1,839 | ) | ||||||||||||
Minority interest in pre-tax income | (1,195 | ) | (910 | ) | (1,224 | ) | (55 | ) | 100 | — | ||||||||||||||
Total earnings, as defined | $ | 409,013 | $ | 202,208 | $ | 460,256 | $ | 401,976 | $ | 459,383 | $ | 616,456 | ||||||||||||
Fixed charges, as defined: | ||||||||||||||||||||||||
Interest expense | $ | 201,131 | $ | 78,692 | $ | 26,075 | $ | 35,244 | $ | 37,411 | $ | 44,245 | ||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 6,475 | 2,279 | — | — | — | — | ||||||||||||||||||
Interest factor in rental expenses | 15,789 | 9,197 | 18,291 | 17,352 | 15,332 | 15,293 | ||||||||||||||||||
Total fixed charges, as defined | $ | 223,395 | $ | 90,168 | $ | 44,366 | $ | 52,596 | $ | 52,743 | $ | 59,538 | ||||||||||||
Ratio of earnings to fixed charges | 1.83 | 2.24 | 10.37 | 7.64 | 8.71 | 10.35 |
Note: | The Ratio of Earnings to Fixed Charges should be read in conjunction with the Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations in this Form 10-K. |