Exhibit 12.1
Cott Corporation
Ratio of Earnings to Fixed Charges (1)
(in millions of US dollars except for ratios)
| Three months ended Apr. 4, 2015 | Year ended | |||||||||||||||||||||
| 1/3/2015 | 12/28/2013 | 12/29/2012 | 12/31/2011 | 1/1/2011 | ||||||||||||||||||
Earnings (losses): | ||||||||||||||||||||||
Net income (loss) before taxes | 10.6 | (45.0) | 23.8 | 57.3 | 41.0 | 78.4 | ||||||||||||||||
Add: Combined fixed charges | 0.0 | 46.6 | 59.2 | 62.5 | 65.9 | 43.9 | ||||||||||||||||
Less: Net income-noncontrolling interests | 1.3 | 5.6 | 5.0 | 4.5 | 3.6 | 5.1 | ||||||||||||||||
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Earnings as defined | (11.9 | ) | (4.0) | 78.0 | 115.3 | 103.3 | 117.2 | |||||||||||||||
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Fixed Charges: | ||||||||||||||||||||||
Interest and amortization expense | 0.0 | 39.8 | 52.1 | 54.6 | 57.3 | 37.1 | ||||||||||||||||
Estimated interest component of rent | 0.0 | 6.8 | 7.1 | 7.9 | 8.6 | 6.8 | ||||||||||||||||
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Total fixed charges | 0.0 | 46.6 | 59.2 | 62.5 | 65.9 | 43.9 | ||||||||||||||||
Deficiency of earnings available to cover fixed charges | 11.9 | 50.6 | — | — | — | — | ||||||||||||||||
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Ratio of earnings to fixed charges | — | — | 1.3 | 1.8 | 1.6 | 2.7 | ||||||||||||||||
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| (1) | For purposes of computing these ratios of earnings to fixed charges, fixed charges consist of interest expense and an estimated interest component of rent. Earnings consist of net (loss) earnings applicable to common stock shareholders before income taxes plus combined fixed charges, less net income attributable to non-controlling interests in subsidiaries who did not incur combined fixed charges. |