Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
The following table shows the ratio of earnings to fixed charges for the three months ended March 31, 2004 and 2005, the year ended December 31, 2004, the 27 days ended December 31, 2003, the period from January 1, 2003 to December 4, 2003, and the years ended December 31, 2002, 2001 and 2000. We have computed these ratios by dividing earnings available for fixed charges (income before income taxes and fixed charges) by fixed charges (interest cost, amortization of debt expense, and the portion of rental expenses deemed to be representative of the interest factor in those rentals).
Computation of General Nutrition Centers, Inc. Ratio of Earnings to Fixed Charges
(Dollars in millions, except ratios)
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| | Predecessor | | | Successor | |
| | Year Ended December 31, | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | Period | | | Period | | | | | | | | | | | | | | Pro Forma | |
| | | | | | | | | | | | | | from | | | from | | | | | | | | | | | | | | | | | Three | |
| | | | | | | | | | | | | | January 1, | | | December 5, | | | Year | | | | | Year | | | Months | |
| | | | | | | | | | | | | | 2003 to | | | 2003 to | | | Ended | | Three Months Ended | | | Ended | | | Ended | |
| | | | | | | | | | | December 4, | | | December 31, | | | December 31, | | | March 31, | | | December 31, | | | March 31, | |
| | 2000 | | | 2001 | | | 2002 | | | 2003 | | | 2003 | | | 2004 | | | 2004 | | | 2005 | | | 2004 | | | 2005 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Earnings (deficit) available for fixed charges: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Income (deficit) before income taxes | | $ | (175.4 | ) | | $ | (70.0 | ) | | $ | (70.2 | ) | | $ | (759.4 | ) | | $ | 0.6 | | | $ | 67.7 | | | $ | 25.5 | | | $ | 4.4 | | | $ | 63.7 | | | $ | 2.5 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest Expense | | | 143.2 | | | | 141.8 | | | | 138.0 | | | | 122.5 | | | | 2.8 | | | | 35.5 | | | | 8.8 | | | | 13.9 | | | | 39.5 | | | | 15.9 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Estimated interest component of net rental expense | | | 36.3 | | | | 37.5 | | | | 38.9 | | | | 35.2 | | | | 2.7 | | | | 36.7 | | | | 9.0 | | | | 9.2 | | | | 36.7 | | | | 9.2 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Amortization of debt expense | | | 50.0 | | | | 50.0 | | | | — | | | | 91.8 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | |
Earnings available for fixed charges | | $ | 54.1 | | | $ | 159.3 | | | $ | 106.7 | | | $ | (509.9 | ) | | $ | 6.1 | | | $ | 139.9 | | | $ | 43.3 | | | $ | 27.5 | | | $ | 139.9 | | | $ | 27.6 | |
| | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fixed Charges: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest Expense | | $ | 143.2 | | | $ | 141.8 | | | $ | 138.0 | | | $ | 122.5 | | | $ | 2.8 | | | $ | 35.5 | | | $ | 8.8 | | | $ | 13.9 | | | $ | 39.5 | | | $ | 15.9 | |
Amortization of debt expense | | | 50.0 | | | | 50.0 | | | | — | | | | 91.8 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Estimated interest component of net rental expense | | | 36.3 | | | | 37.5 | | | | 38.9 | | | | 35.2 | | | | 2.7 | | | | 36.7 | | | | 9.0 | | | | 9.2 | | | | 36.7 | | | | 9.2 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | |
Total fixed charges | | $ | 229.5 | | | $ | 229.3 | | | $ | 176.9 | | | $ | 249.5 | | | $ | 5.5 | | | $ | 72.2 | | | $ | 17.8 | | | $ | 23.1 | | | $ | 76.2 | | | $ | 25.1 | |
| | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Consolidated Ratio of Earnings to Fixed Charges | | | 0.24 | | | | 0.69 | | | | 0.60 | | | | (2.04 | ) | | | 1.11 | | | | 1.94 | | | | 2.43 | | | | 1.19 | | | | 1.84 | | | | 1.10 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Deficit (1) | | $ | 175.4 | | | $ | 70.0 | | | $ | 70.2 | | | $ | 759.4 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
(1) | | Earnings were insufficient to cover fixed charges for the years ended December 31, 2000, 2001, and 2002, and the period from January 1, 2003 to December 4, 2003. |