Exhibit 12.01
FALCON BUILDING PRODUCTS, INC.
RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS, EXCEPT RATIOS)
(UNAUDITED)
SIX MONTHS ENDED
YEAR ENDED DECEMBER 31, JUNE 30,
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1992 1993 1994 1995 1996 1996 1997
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Income (loss) from continuing
operations before income taxes........ $ 32.4 $ 37.2 $ 43.4 $ 35.8 $ 48.8 $ 22.0 $ (10.1)
Add back:
Interest expense................... 10.0 8.0 8.2 9.8 10.6 5.4 6.6
Amortization of debt expense....... - - 0.2 0.5 0.6 0.3 0.4
Interest element in rentals........ 0.1 0.1 0.1 0.2 0.4 0.2 0.2
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Earnings (loss)......................... $ 42.5 $ 45.3 $ 51.9 $ 46.3 $ 60.4 $ 27.9 $ (3.0)
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Fixed charges:
Interest expense................... $ 10.0 $ 8.0 $ 8.2 $ 9.8 $ 10.6 $ 5.4 $ 6.6
Amortization of debt expense....... - - 0.2 0.5 0.6 0.3 0.4
Interest element in rentals........ 0.1 0.1 0.1 0.2 0.4 0.2 0.2
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Total fixed charges..................... $ 10.1 $ 8.1 $ 8.5 $ 10.5 $ 11.6 $ 5.9 $ 7.1
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Ratio of Earnings to Fixed Charges...... 4.2x 5.6x 6.1x 4.4x 5.2x 4.7x -
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Deficiency of Earnings to
Cover Fixed Charges................... - - - - - - $ 10.1
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PRO FORMA
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YEAR ENDED SIX MONTHS ENDED 12 MONTHS ENDED
DECEMBER 31, JUNE 30, JUNE 30,
1996 1997 1997
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Income (loss) from continuing
operations before income taxes........ $ 14.4 $ (26.3) $ (16.7)
Add back:
Interest expense................... 41.3 20.7 41.0
Amortization of debt expense....... 2.8 1.4 2.8
Interest element in rentals........ 0.4 0.2 0.4
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Earnings (loss)......................... $ 58.9 $ (4.0) $ 27.5
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Fixed charges:
Interest expense................... $ 41.3 $ 20.7 $ 41.0
Amortization of debt expense....... 2.8 1.4 2.8
Interest element in rentals........ 0.4 0.2 0.4
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Total fixed charges..................... $ 44.5 $ 22.3 $ 44.2
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Ratio of Earnings to Fixed Charges...... 1.3x - -
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Deficiency of Earnings to
Cover Fixed Charges.................. - $ 26.3 $ 16.7
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