EXHIBIT 12.1
Jarden Corporation
Ratio of Earnings to Fixed Charges Calculation (A)
For the Years Ended December 31, | ||||||||||||||||||||
(in millions) | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||
Earnings Before Fixed Charges: | ||||||||||||||||||||
Net income (loss) | $ | 243.9 | $ | 204.7 | $ | 106.7 | $ | 128.7 | $ | (58.9 | ) | |||||||||
Add: Income tax provision | 147.6 | 125.7 | 122.8 | 110.5 | 26.3 | |||||||||||||||
Less/add: Equity (income) loss of minority-owned companies | (0.9 | ) | 0.5 | (1.3 | ) | 0.1 | 0.1 | |||||||||||||
Add: Amortization of capitalized interest | — | 0.2 | 0.1 | 0.2 | 0.2 | |||||||||||||||
Add: Fixed charges | 219.6 | 216.2 | 209.9 | 176.6 | 206.3 | |||||||||||||||
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Total earnings available for fixed charges | $ | 610.2 | $ | 547.3 | $ | 438.2 | $ | 416.1 | $ | 174.0 | ||||||||||
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Fixed Charges: | ||||||||||||||||||||
Interest expense | $ | 185.3 | $ | 179.7 | $ | 177.8 | $ | 147.3 | $ | 178.7 | ||||||||||
Interest component of rental expense | 34.3 | 36.5 | 32.0 | 29.3 | 27.6 | |||||||||||||||
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Total fixed charges before capitalized interest | 219.6 | 216.2 | 209.8 | 176.6 | 206.3 | |||||||||||||||
Capitalized interest | — | — | 0.1 | — | — | |||||||||||||||
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Total Fixed Charges | $ | 219.6 | $ | 216.2 | $ | 209.9 | $ | 176.6 | $ | 206.3 | ||||||||||
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Ratio of Earnings to Fixed Charges | 2.8 | 2.5 | 2.1 | 2.4 | (B | ) |
(A) – | This Exhibit is provided as required by Item 503(d) of Regulation S-K solely because the Company has outstanding debt securities registered under the Securities Act of 1933, as amended. Neither the Company’s registered debt securities nor its senior secured credit facility contains a ratio of earnings-to-fixed-charges covenant. |
(B) – | Due to the loss in 2008, additional net income of $32.3 is required to achieve a ratio of 1:1. |