Exhibit 12.1
ADVANCED MEDICAL OPTICS, INC.
Computation of Ratio of Earnings to Fixed Charges
(in millions, except for ratios)
Pro Forma | Pro Forma | ||||||||||||||||||
Twelve Months | Three Months | Three Months | |||||||||||||||||
Ended | Ended | Ended | |||||||||||||||||
2002 | 2003 | 2004 | 2005 | 2006 | Dec 31, 2006 | Mar 30, 2007 | Mar 30, 2007 | ||||||||||||
Earnings Before Income Taxes | 44.5 | 17.3 | (121.2 | ) | (440.3 | ) | 144.8 | 63.6 | 19.5 | (1.2 | ) | ||||||||
Rent Expense | 10.9 | 16.1 | 20.4 | 17.8 | 17.6 | 19.0 | 4.6 | 5.1 | |||||||||||
30% Interest Factor | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | |||||||||||
Interest on Rent | 3.3 | 4.8 | 6.1 | 5.3 | 5.3 | 5.7 | 1.4 | 1.5 | |||||||||||
Interest Expense | 13.8 | 24.2 | 26.9 | 29.3 | 30.3 | 92.1 | 6.2 | 21.0 | |||||||||||
Total Fixed Charges | 17.1 | 29.0 | 33.0 | 34.6 | 35.6 | 97.8 | 7.6 | 22.5 | |||||||||||
Earnings Before Income Taxes and Fixed Charges | 61.6 | 46.3 | (88.2 | ) | (405.7 | ) | 180.4 | 161.4 | 27.1 | 21.3 | |||||||||
Fixed Charges Ratio | 3.6 | 1.6 | — | — | 5.1 | 1.7 | 3.6 | — | |||||||||||
For purposes of calculating the ratio, earnings consist of earnings before income taxes and before fixed charges. Fixed charges consist of interest expense and a portion of rental expense deemed a reasonable approximation of the interest factor. Earnings were insufficient to cover fixed charges for the years ended December 31, 2004 and 2005 and pro forma three months ended March 31, 2007, by $121.2 million, $440.3 million and $1.2 million, respectively.
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