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BE Aerospace, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(dollars in millions, except ratios)
| Quarter Ended | Fiscal Year Ended | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3/31/2008 | 3/31/2007 | 12/31/2007 | 12/31/2006 | 12/31/2005 | 12/31/2004 | 12/31/2003 | |||||||||||||||
Earnings: | ||||||||||||||||||||||
Earnings (loss) before income taxes | $ | 74.6 | $ | 45.8 | $ | 215.1 | $ | 90.0 | $ | 34.3 | $ | (20.5 | ) | $ | (51.5 | ) | ||||||
Fixed charges excluding captalized interest | 3.4 | 11.6 | 25.0 | 44.0 | 62.1 | 78.9 | 72.7 | |||||||||||||||
Total Earnings | $ | 78.0 | $ | 57.4 | $ | 240.1 | $ | 134.0 | $ | 96.4 | $ | 58.4 | $ | 21.2 | ||||||||
Fixed Charges: | ||||||||||||||||||||||
Interest expense | $ | 2.9 | $ | 10.8 | $ | 22.3 | $ | 40.7 | $ | 57.8 | $ | 74.0 | $ | 68.6 | ||||||||
Rental expenses representative of an interest factor | 0.3 | 0.4 | 1.5 | 1.3 | 1.3 | 1.4 | 1.1 | |||||||||||||||
Capitalized interest | — | — | — | — | — | — | — | |||||||||||||||
Amortization of deferred debt issuance costs and discount | 0.2 | 0.4 | 1.2 | 2.0 | 3.0 | 3.5 | 3.0 | |||||||||||||||
Total Fixed Charges | $ | 3.4 | $ | 11.6 | $ | 25.0 | $ | 44.0 | $ | 62.1 | $ | 78.9 | $ | 72.7 | ||||||||
Ratio of earnings to total fixed charges | 22.9 | 4.9 | 9.6 | 3.0 | 1.6 | * | * | |||||||||||||||
- *
- Earnings were insufficient to cover fixed charges by $20.5 million and $51.5 million for the fiscal years ended December 31, 2004 and December 31, 2003, respectively.
BE Aerospace, Inc. Computation of Ratio of Earnings to Fixed Charges (Unaudited) (dollars in millions, except ratios)