Exhibit 12.2
Pro Forma Ratio of Earnings to Fixed Charges
Unaudited
Six Months Ended
--------------------------
April 24, October 24, October 23,
1999 1998 1999
--------- ----------- -----------
(In millions, except
ratios)
EARNINGS:
Income before income taxes
and minority interests 28.1 9.6 17.1
Interest expense 55.5 28.7 27.8
Amortization of deferred financing costs 2.0 1.0 0.8
Rental expense interest component 3.7 1.6 1.6
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Earnings 89.3 40.9 47.3
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FIXED CHARGES:
Interest expense 55.5 28.7 27.8
Amortization of deferred financing costs 2.0 1.0 0.8
Rental expense interest component 3.7 1.6 1.6
------ ------ ------
Fixed charges 61.2 31.3 30.2
------ ------ ------
Ratio of earnings to fixed charges 1.5x 1.3x 1.6x
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The data above sets forth the ratio of earnings to fixed charges of Weight
Watchers International, Inc. and Subsidiaries ("WWI") for the year ended April
24, 1999 and for the six months ended October 24, 1998 and October 23, 1999 on
a proforma basis. The data for the year ended April 24, 1999 is derived from
the unaudited pro forma financial statements of WWI, included elsewhere in this
document.
2
The data for each of the six months ended October 24, 1998 and October 23, 1999
have been derived from the unaudited proforma financial statements of WWI which
are included elsewhere in this document.