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S-3ASR Filing
Amphenol (APH) S-3ASRAutomatic shelf registration
Filed: 16 Jan 14, 12:00am
Exhibit 12.1
Amphenol Corporation
Computation of Ratio of Earnings to Fixed Charges
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| For the nine months |
| For the fiscal years ended |
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| 2013 |
| 2012 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
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Earnings: |
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Income before income taxes and net income attributable to noncontrolling interests |
| $ | 615,693 |
| $ | 567,582 |
| $ | 774,650 |
| $ | 712,101 |
| $ | 657,680 |
| $ | 437,144 |
| $ | 582,154 |
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Fixed charges |
| 55,360 |
| 51,204 |
| 69,513 |
| 55,259 |
| 51,301 |
| 45,620 |
| 47,562 |
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Total Earnings(1) |
| $ | 671,053 |
| $ | 618,786 |
| $ | 844,163 |
| $ | 765,360 |
| $ | 708,981 |
| $ | 482,764 |
| $ | 629,716 |
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Fixed Charges: |
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Interest expense |
| $ | 47,126 |
| $ | 44,014 |
| $ | 59,613 |
| $ | 43,029 |
| $ | 40,741 |
| $ | 36,586 |
| $ | 39,627 |
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Interest component of rent expense |
| 8,234 |
| 7,190 |
| 9,900 |
| 10,230 |
| 10,560 |
| 9,034 |
| 7,935 |
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Total Fixed Charges(2) |
| $ | 55,360 |
| $ | 51,204 |
| $ | 69,513 |
| $ | 53,259 |
| $ | 51,301 |
| $ | 45,620 |
| $ | 47,562 |
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Ratio of Earnings to Fixed Charges |
| 12.1 |
| 12.1 |
| 12.1 |
| 14.4 |
| 13.8 |
| 10.6 |
| 13.2 |
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(1) For purposes of determining the ratio of earnings to fixed charges for all period presented, earnings consist of income before income taxes plus fixed charges, less net income attributable to the noncontrolling interests in less than wholly-owned subsidiaries.
(2) Fixed charges for all periods consist of interest expense including amortization of deferred debt issuance costs and one third of rental expenses on operating leases, representing that portion of rent expense which management believes is representative of the interest component of rent expense.