Exhibit 12.1
GENERAL CABLE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(in millions)
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Fiscal Months Ended March 30, | | 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 | $ | 38.1 |
| | $ | 91.4 |
| | $ | 108.1 |
| | $ | 79.9 |
| | $ | 272.1 |
| | $ | 299.2 |
|
Preferred stock dividend (pre-tax equivalent) | (0.1 | ) | | (0.3 | ) | | (0.3 | ) | | (0.3 | ) | | (0.3 | ) | | (0.5 | ) |
Fixed charges | 26.8 |
| | 104.7 |
| | 82.1 |
| | 92.7 |
| | 109.2 |
| | 71.3 |
|
TOTAL EARNINGS, AS DEFINED | $ | 64.8 |
| | $ | 195.8 |
| | $ | 189.9 |
| | $ | 172.3 |
| | $ | 381.0 |
| | $ | 370.0 |
|
FIXED CHARGES, AS DEFINED | | | | | | | | | | | |
Interest expense | $ | 24.0 |
| | $ | 94.8 |
| | $ | 73.7 |
| | $ | 82.1 |
| | $ | 98.4 |
| | $ | 63.6 |
|
Amortization of capitalized expenses related to debt | 0.7 |
| | 4.4 |
| | 3.3 |
| | 4.5 |
| | 5.7 |
| | 3.6 |
|
Preferred stock dividend (pre-tax equivalent) | 0.1 |
| | 0.3 |
| | 0.3 |
| | 0.3 |
| | 0.3 |
| | 0.5 |
|
Interest component of rent expense | 2.0 |
| | 5.2 |
| | 4.8 |
| | 5.8 |
| | 4.8 |
| | 3.6 |
|
TOTAL FIXED CHARGES, AS DEFINED | $ | 26.8 |
| | $ | 104.7 |
| | $ | 82.1 |
| | $ | 92.7 |
| | $ | 109.2 |
| | $ | 71.3 |
|
RATIO OF EARNINGS TO FIXED CHARGES | 2.4 |
| | 1.9 |
| | 2.3 |
| | 1.9 |
| | 3.5 |
| | 5.2 |
|