Exhibit 12
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Revlon Consumer Production Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Year Ended December 31, | | | Nine Months Ended September 30, | |
| | 2008 | | | 2009 | | | 2010 | | | 2011 | | | 2012 | | | 2012 | | | 2013 | |
| | | | | | | | | | | | | | | | | (Unaudited) | |
| | (Dollars in millions) | | | | | | | |
Income from continuing operations before income taxes | | $ | 36.9 | | | $ | 66.6 | | | $ | 88.7 | | | $ | 98.8 | | | $ | 115.6 | | | $ | 53.2 | | | $ | 64.9 | |
Interest expense | | | 119.7 | | | | 93.0 | | | | 96.7 | | | | 91.1 | | | | 85.3 | | | | 64.1 | | | | 55.5 | |
Amortization of debt issuance costs | | | 5.6 | | | | 5.5 | | | | 4.5 | | | | 3.7 | | | | 3.4 | | | | 2.6 | | | | 2.2 | |
Portion of rental expense deemed to represent interest | | | 5.0 | | | | 5.5 | | | | 5.6 | | | | 5.8 | | | | 5.5 | | | | 4.1 | | | | 4.2 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Earnings before fixed charges | | $ | 167.2 | | | $ | 170.6 | | | $ | 195.5 | | | $ | 199.4 | | | $ | 209.8 | | | $ | 124.0 | | | $ | 126.8 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense | | $ | 119.7 | | | $ | 93.0 | | | $ | 96.7 | | | $ | 91.1 | | | $ | 85.3 | | | $ | 64.1 | | | $ | 55.5 | |
Amortization of debt issuance costs | | | 5.6 | | | | 5.5 | | | | 4.5 | | | | 3.7 | | | | 3.4 | | | | 2.6 | | | | 2.2 | |
Portion of rental expense deemed to represent interest | | | 5.0 | | | | 5.5 | | | | 5.6 | | | | 5.8 | | | | 5.5 | | | | 4.1 | | | | 4.2 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fixed charges | | $ | 130.3 | | | $ | 104.0 | | | $ | 106.8 | | | $ | 100.6 | | | $ | 94.2 | | | $ | 70.8 | | | $ | 61.9 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ratio of earnings to fixed charges | | | 1.3 | x | | | 1.6 | x | | | 1.8 | x | | | 2.0 | x | | | 2.2 | x | | | 1.8 | x | | | 2.0 | x |