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- S-4/A Registration of securities issued in business combination transactions
- 3.5 EX-3.5
- 3.6 EX-3.6
- 3.7 EX-3.7
- 3.8 EX-3.8
- 3.9 EX-3.9
- 3.10 EX-3.10
- 3.13 EX-3.13
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- 3.24 EX-3.24
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- 3.31 EX-3.31
- 3.32 EX-3.32
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- 3.60 EX-3.60
- 3.62 EX-3.62
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- 3.66 EX-3.66
- 3.67 EX-3.67
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- 3.71 EX-3.71
- 3.72 EX-3.72
- 3.74 EX-3.74
- 3.75 EX-3.75
- 3.76 EX-3.76
- 5.1 EX-5.1
- 5.2 EX-5.2
- 5.3 EX-5.3
- 5.4 EX-5.4
- 5.5 EX-5.5
- 5.6 EX-5.6
- 5.7 EX-5.7
- 5.8 EX-5.8
- 5.9 EX-5.9
- 5.10 EX-5.10
- 12.1 EX-12.1
- 23.2 EX-23.2
- 11 May 17 Registration of securities issued in business combination transactions
- 6 Jul 15 Registration of securities issued in business combination transactions
- 25 Jun 13 Registration of securities issued in business combination transactions (amended)
- 17 Apr 13 Registration of securities issued in business combination transactions
Exhibit 12.1
URS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
Year Ended | Three Months Ended | |||||||||||||||||||||||||||
(In millions, except for ratio) | December 28, 2012 | December 30, 2011(1) | December 31, 2010 | January 1, 2010 | January 2, 2009 | March 29, 2013 | March 30, 2012 | |||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Earnings (losses) before income taxes | $ | 500.5 | $ | (374.0 | ) | $ | 415.5 | $ | 432.0 | $ | 378.0 | $ | 114.1 | $ | 128.3 | |||||||||||||
Less: | ||||||||||||||||||||||||||||
Equity in earnings of affiliates | (107.6 | ) | (132.2 | ) | (70.3 | ) | (100.9 | ) | (106.3 | ) | (24.1 | ) | (28.7 | ) | ||||||||||||||
Add: | ||||||||||||||||||||||||||||
Interest component of rent expense(2) | 70.0 | 62.8 | 64.2 | 66.5 | 71.5 | 20.8 | 17.5 | |||||||||||||||||||||
Interest expense | 70.7 | 22.1 | 30.6 | 48.4 | 90.7 | 21.1 | 9.8 | |||||||||||||||||||||
Amortization of debt discount | 2.6 | 5.8 | 9.2 | 7.8 | 8.5 | 0.1 | 0.8 | |||||||||||||||||||||
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Earnings (losses), as adjusted | $ | 536.2 | $ | (415.5 | ) | $ | 449.2 | $ | 453.8 | $ | 442.4 | $ | 132.0 | $ | 127.7 | |||||||||||||
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Fixed charges: | ||||||||||||||||||||||||||||
Interest expense | 70.7 | $ | 22.1 | $ | 30.6 | $ | 48.4 | $ | 90.7 | $ | 21.1 | $ | 9.8 | |||||||||||||||
Interest component of rent expense(2) | 70.0 | 62.8 | 64.2 | 66.5 | 71.5 | 20.8 | 17.5 | |||||||||||||||||||||
Amortization of debt discount | 2.6 | 5.8 | 9.2 | 7.8 | 8.5 | 0.1 | 0.8 | |||||||||||||||||||||
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Total fixed charges | $ | 143.3 | $ | 90.7 | $ | 104.0 | $ | 122.7 | $ | 170.7 | $ | 42.0 | $ | 28.1 | ||||||||||||||
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Consolidated ratio of earnings to fixed charges | 3.7 | N/A | 4.3 | 3.7 | 2.6 | 3.1 | 4.5 | |||||||||||||||||||||
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(1) | Earnings for the year ended December 30, 2011 were inadequate to cover fixed charges. The coverage deficiency was $506.2 million. |
(2) | Interest component of rent expense is estimated to equal one-third of such expense, which is considered a reasonable approximation of the interest factor. |