Exhibit 12.1
GENERAL CABLE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(in millions)
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Six Fiscal Months Ended June 29, | | Year ended December 31, |
| 2012 | | 2011 | | 2010 | | 2009 | | 2008 | | 2007 |
EARNINGS AS DEFINED | | | | | | | | | | | |
Earnings from operations before income taxes and before adjustments for minority interests in consolidated subsidiaries and after eliminating undistributed earnings of equity method investees | $ | 66.5 |
| | $ | 106.9 |
| | $ | 114.4 |
| | $ | 82.6 |
| | $ | 277.9 |
| | $ | 299.2 |
|
Preferred stock dividend (pre-tax equivalent) | (0.2 | ) | | (0.3 | ) | | (0.3 | ) | | (0.3 | ) | | (0.3 | ) | | (0.5 | ) |
Fixed charges | 53.3 |
| | 104.7 |
| | 82.1 |
| | 92.7 |
| | 109.2 |
| | 71.3 |
|
TOTAL EARNINGS, AS DEFINED | $ | 119.6 |
| | $ | 211.3 |
| | $ | 196.2 |
| | $ | 175.0 |
| | $ | 386.8 |
| | $ | 370.0 |
|
FIXED CHARGES, AS DEFINED | | | | | | | | | | | |
Interest expense | $ | 48.5 |
| | $ | 94.8 |
| | $ | 73.7 |
| | $ | 82.1 |
| | $ | 98.4 |
| | $ | 63.6 |
|
Amortization of capitalized expenses related to debt | 1.4 |
| | 4.4 |
| | 3.3 |
| | 4.5 |
| | 5.7 |
| | 3.6 |
|
Preferred stock dividend (pre-tax equivalent) | 0.2 |
| | 0.3 |
| | 0.3 |
| | 0.3 |
| | 0.3 |
| | 0.5 |
|
Interest component of rent expense | 3.2 |
| | 5.2 |
| | 4.8 |
| | 5.8 |
| | 4.8 |
| | 3.6 |
|
TOTAL FIXED CHARGES, AS DEFINED | $ | 53.3 |
| | $ | 104.7 |
| | $ | 82.1 |
| | $ | 92.7 |
| | $ | 109.2 |
| | $ | 71.3 |
|
RATIO OF EARNINGS TO FIXED CHARGES | 2.2 |
| | 2.0 |
| | 2.4 |
| | 1.9 |
| | 3.5 |
| | 5.2 |
|