Exhibit 12.1
GENERAL CABLE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(in millions)
|
| | | | | | | | | | | | | | | | | | | | | | | |
| | Six months ended June 30, 2017 | | Year ended December 31, |
| | | 2016 | | 2015 | | 2014 | | 2013 | | 2012 |
| 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 | $ | (30.8 | ) | | $ | (98.1 | ) | | $ | (151.1 | ) | | $ | (636.1 | ) | | $ | 27.0 |
| | $ | 86.9 |
|
| Preferred stock dividend (pre-tax equivalent) | — |
| | — |
| | — |
| | — |
| | (0.3 | ) | | (0.3 | ) |
| Fixed charges | 42.8 |
| | 95.9 |
| | 108.1 |
| | 127.6 |
| | 137.0 |
| | 114.6 |
|
| TOTAL EARNINGS, AS DEFINED | $ | 12.0 |
| | $ | (2.2 | ) | | $ | (43.0 | ) | | $ | (508.5 | ) | | $ | 163.7 |
| | $ | 201.2 |
|
| FIXED CHARGES, AS DEFINED | | | | | | | | | | | |
| Interest expense | $ | 38.6 |
| | $ | 84.2 |
| | $ | 92.9 |
| | $ | 112.5 |
| | $ | 121.0 |
| | $ | 103.5 |
|
| Amortization of capitalized expenses related to debt | 1.5 |
| | 5.3 |
| | 4.1 |
| | 3.8 |
| | 3.9 |
| | 3.3 |
|
| Preferred stock dividend (pre-tax equivalent) | — |
| | — |
| | — |
| | — |
| | 0.3 |
| | 0.3 |
|
| Interest component of rent expense | 2.7 |
| | 6.4 |
| | 11.1 |
| | 11.3 |
| | 11.8 |
| | 7.5 |
|
| TOTAL FIXED CHARGES, AS DEFINED | $ | 42.8 |
| | $ | 95.9 |
| | $ | 108.1 |
| | $ | 127.6 |
| | $ | 137.0 |
| | $ | 114.6 |
|
| RATIO OF EARNINGS TO FIXED CHARGES | 0.3 |
| | — |
| | (0.4 | ) | | (4.0 | ) | | 1.2 |
| | 1.8 |
|
