Exhibit 12.01
Historical Pro Forma Pro Forma
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Fairchild Fairchild Fairchild Holdings
Nine months
ended Year Nine months Year Nine months
Years ended May February ended ended ended ended
---------------------------------------------------- May 26, February 23, May 26, February 23
1992 1993 1994 1995 1996 1996 1997 1996 1997 1996 1997
---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ----
Net income (loss) before income
taxes for the period
Before Preferred Stock dividends (34.8) 24.7 125.5 74.3 72.3 67.6 9.6 46.5 (0.4) 37.5 (8.0)
After Preferred Stock dividends 29.1 (15.1)
Fixed Charges:
Interest portion of rent 2.7 2.3 1.5 1.0 1.6 1.2 1.3 1.6 1.3 1.6 1.3
Interest Expense 40.3 29.7 49.3 37.3
Amortization of deferred
financing costs 2.6 1.7 2.6 1.7
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Total Fixed Charges 2.7 2.3 1.5 1.0 1.6 1.2 1.3 44.5 32.7 53.5 40.3
Preferred Stock Dividend 8.4 7.1
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Combined noted charges and
preferred stock dividends 2.7 2.3 1.5 1.0 1.6 1.2 1.3 44.5 32.7 61.9 47.4
Earnings:
Net income before tax plus
fixed charges (32.1) 27.0 127.0 75.3 73.9 68.8 10.9 91.0 32.3 91.0 32.3
Net income before tax plus
combined fixed charges (32.1) 27.0 127.0 75.3 73.9 68.8 10.9 91.0 32.3 91.0 32.3
Ratio:
Earnings to fixed charges n/a 11.7 84.7 75.3 46.2 57.3 8.4 2.0 n/a 1.7 N/A
Earnings to combined fixed
charges n/a 11.7 84.7 75.3 46.2 57.3 8.4 2.0 n/a 1.5 n/a
Deficiency of earnings available
to cover:
Fixed charges 34.8 -- -- -- -- -- -- -- (0.4) -- (8.0)
Combined fixed charges and
dividends on Preferred Stock 34.8 (0.4) (15.1)