Exhibit 12.1
Warner Chilcott Limited
Computation of Earnings to Fixed Charges
Fiscal Year Ended September 30, | Three Months Ended December 31, | Year Ended December 31, | Six Months Ended June 30, | ||||||||||||||||||||
Predecessor | Predecessor | Successor | Successor | ||||||||||||||||||||
2004 | 2004 | 2005 | 2006 | 2007 | 2008 | 2008 | 2009 | ||||||||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense (a) | 11,103 | 1,877 | 149,393 | 173,483 | 115,776 | 90,915 | 48,287 | 32,044 | |||||||||||||||
Interest capitalized during the period | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Lease rental expense, buildings (b) | 497 | 298 | 1,574 | 903 | 2,597 | 2,416 | 1,252 | 1,056 | |||||||||||||||
Fixed Charges | 11,600 | 2,176 | 150,967 | 174,386 | 118,373 | 93,331 | 49,539 | 33,100 | |||||||||||||||
Earnings | |||||||||||||||||||||||
Income before taxes from continuing operations | 202,367 | (17,530 | ) | (569,768 | ) | (164,657 | ) | 47,291 | 16,389 | 83,508 | 118,285 | ||||||||||||
+ Fixed Charges | 11,600 | 2,176 | 150,967 | 174,386 | 118,373 | 93,331 | 49,539 | 33,100 | |||||||||||||||
+ Amortization of previously capitalized interest | 53 | 13 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Earnings | 214,020 | (15,341 | ) | (418,801 | ) | 9,729 | 165,664 | 109,720 | 133,047 | 151,385 | |||||||||||||
Ratio of Earnings to Fixed Charges | 18.5 | — | (c) | — | (c) | — | (c) | 1.4 | 1.2 | 2.7 | 4.6 | ||||||||||||
(a) | Interest expenses including both continuing and discontinued operations; includes amortization of previously capitalized interest |
(b) | Portion of lease rental expense from both continuing and discontinued operations that represents interest cost, estimated by management to be one-third of lease rental expense |
(c) | For the quarter ended December 31, 2004 and the years ended December 31, 2005 and 2006, our earnings were insufficient by $17.5 million, $569.8 million and $164.7 million, respectively, to cover our fixed charges for such periods. |