Exhibit 12.1
GENERAL CABLE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(in millions)
|
| | | | | | | | | | | | | | | | | | | | | | | |
| | Six months ended July 1, 2016 | | Year ended December 31, |
| | | 2015 | | 2014 | | 2013 | | 2012 | | 2011 |
| EARNINGS AS DEFINED | | | | | | | | | | | |
| Earnings (loss) from operations before income taxes and before adjustments for minority interests in consolidated subsidiaries and after eliminating undistributed earnings of equity method investees from continuing operations | $ | 37.5 |
| | $ | (139.3 | ) | | $ | (567.4 | ) | | $ | (6.9 | ) | | $ | 66.1 |
| | $ | 90.7 |
|
| Preferred stock dividend (pre-tax equivalent) | — |
| | — |
| | — |
| | (0.3 | ) | | (0.3 | ) | | (0.3 | ) |
| Fixed charges | 47.8 |
| | 105.1 |
| | 123.7 |
| | 133.2 |
| | 110.5 |
| | 100.3 |
|
| TOTAL EARNINGS, AS DEFINED | $ | 85.3 |
| | $ | (34.2 | ) | | $ | (443.7 | ) | | $ | 126.0 |
| | $ | 176.3 |
| | $ | 190.7 |
|
| FIXED CHARGES, AS DEFINED | | | | | | | | | | | |
| Interest expense | $ | 42.2 |
| | $ | 90.6 |
| | $ | 109.6 |
| | $ | 118.2 |
| | $ | 100.4 |
| | $ | 91.4 |
|
| Amortization of capitalized expenses related to debt | 2.0 |
| | 4.1 |
| | 3.8 |
| | 3.9 |
| | 3.3 |
| | 4.4 |
|
| Preferred stock dividend (pre-tax equivalent) | — |
| | — |
| | — |
| | 0.3 |
| | 0.3 |
| | 0.3 |
|
| Interest component of rent expense | 3.6 |
| | 10.4 |
| | 10.3 |
| | 10.8 |
| | 6.5 |
| | 4.2 |
|
| TOTAL FIXED CHARGES, AS DEFINED | $ | 47.8 |
| | $ | 105.1 |
| | $ | 123.7 |
| | $ | 133.2 |
| | $ | 110.5 |
| | $ | 100.3 |
|
| RATIO OF EARNINGS TO FIXED CHARGES | 1.8 |
| | (0.3 | ) | | (3.6 | ) | | 0.9 |
| | 1.6 |
| | 1.9 |
|
