EXHIBIT 12.1
FALCON BUILDING PRODUCTS, INC.
RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS, EXCEPT RATIOS)
(UNAUDITED)
THREE MONTHS ENDED
YEAR ENDED DECEMBER 31, MARCH 31,
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1992 1993 1994 1995 1996 1996 1997
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Income from continuing operations before
income taxes.............................. $ 32.4 $ 37.2 $ 43.4 $ 35.8 $ 48.8 $ 8.8 $ 10.0
Add back:
Interest expense.......................... 10.0 8.0 8.2 9.8 10.6 2.6 2.7
Amortization of debt expense.............. -- -- 0.2 0.5 0.6 0.2 0.2
Interest element in rentals............... 0.1 0.1 0.1 0.2 0.4 0.1 0.1
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Earnings.................................... $ 42.5 $ 45.3 $ 51.9 $ 46.3 $ 60.4 $ 11.7 $ 13.0
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Fixed charges:
Interest expense.......................... $ 10.0 $ 8.0 $ 8.2 $ 9.8 $ 10.6 $ 2.6 $ 2.7
Amortization of debt expense.............. -- -- 0.2 0.5 0.6 0.2 0.2
Interest element in rentals............... 0.1 0.1 0.1 0.2 0.4 0.1 0.1
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Total fixed charges......................... $ 10.1 $ 8.1 $ 8.5 $ 10.5 $ 11.6 $ 2.9 $ 3.0
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Ratio of Earnings to Fixed Charges.......... 4.2 5.6 6.1 4.4 5.2 4.0 4.4
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PRO FORMA
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YEAR ENDED THREE MONTHS
DECEMBER 31, ENDED MARCH 31,
1996 1997
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Income from continuing operations before
income taxes.............................. $ 14.4 $ 1.2
Add back:
Interest expense.......................... 41.0 10.4
Amortization of debt expense.............. 2.6 0.7
Interest element in rentals............... 0.4 0.1
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Earnings.................................... $ 58.4 $ 12.4
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Fixed charges:
Interest expense.......................... $ 41.0 $ 10.4
Amortization of debt expense.............. 2.6 0.7
Interest element in rentals............... 0.4 0.1
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Total fixed charges......................... $ 44.0 $ 11.2
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Ratio of Earnings to Fixed Charges.......... 1.3 1.1
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