EXHIBIT 12
ADVANCED GLASSFIBER YARNS LLC
STATEMENT RE COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratio information)
Predecessor Business
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Nine Months
Ended
Year Ended December 31, September 30,
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1994 1995 1996 1997 1998
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EARNINGS:
Income from continuing operations before
income taxes and extraordinary loss 65,072 74,535 83,294 82,866 59,235
Fixed charges 422 457 618 1,076 898
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65,494 74,992 83,912 83,942 60,133
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FIXED CHARGES:
Interest, including amortization of debt
issuance costs -- -- -- -- --
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Portion of rents representative of interest
factor 422 457 618 1,076 898
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422 457 618 1,076 898
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RATIO OF EARNINGS TO FIXED CHARGES 155x 164x 136x 78x 67x
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Advanced Glassfiber Yarns
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Three Months Ended Three Months Ended
December 31, 1998 March 31, 1999
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Actual Actual
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(unaudited)
EARNINGS:
Income from continuing operations before
income taxes and extraordinary loss 4,275 2,838
Fixed charges 9,326 9,618
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13,601 12,456
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FIXED CHARGES:
Interest, including amortization of debt
issuance costs 9,113 9,380
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Portion of rents representative of interest
factor 213 238
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9,326 9,618
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RATIO OF EARNINGS TO FIXED CHARGES 1.5x 1.3x
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