EXHIBIT 12.1
COLTEC INDUSTRIES INC AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS)
YEAR ENDED DECEMBER 31,
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1996 1995 1994 1993 1992
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Earnings from continuing operations before extraordinary
item..................................................... 54,570 34,521 48,446 24,600 37,600
Add (deduct):
Income taxes:
Federal and Foreign................................. 28,200 17,615 27,251 13,684 24,712
State and Local..................................... 2,901 2,601 2,105 1,877 1,886
Portion of rents representative of interest factor
(1)................................................. 3,321 2,868 3,979 4,078 4,283
Interest Expense...................................... 76,182 91,208 90,337 111,497 137,797
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Earnings from continuing operations before extraordinary
item, as adjusted........................................ 165,174 148,813 172,118 155,736 206,278
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Fixed Charges:
Interest expense......................................... 76,182 91,208 90,337 111,497 137,797
Capitalized interest..................................... 1,139 997 689 1,140 1,196
Portion of rents representative of interest factor (1)..... 3,321 2,868 2,979 3,678 3,883
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Fixed Charges.............................................. 80,642 95,073 94,005 116,315 142,876
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Ratio of earnings to fixed charges......................... 2.1 1.6 1.8 1.3 1.5
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Note:
(1) Estimated to be 1/3 of total rent expenses
E-1