EXHIBIT 12.1
BREED Technologies, Inc.
Ratio of Earnings to Fixed Charges to S-4 Filing
(in thousands, except per ratios)
Pro forma Pro forma
Year Nine Month
Fiscal Years ended June 30, Nine months Nine months Ended Period Ended
-------------------------------------- ended ended June 30, March 31,
1993 1994 1995 1996 1997 March 31, 1998 March 31, 1997 1997 1998
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Earnings Computation
Pre-tax earnings (losses) from
continuing operations 27,638 73,009 110,133 98,338 29,647 (374,400) 20,600 24,700 (383,700)
Add: Fixed charges 2,218 1,423 1,156 2,979 29,451 65,144 19,244 91,682 62,244
Subtract: Capitalized interest 0 0 0 0 (90) (68) (68) (90) (68)
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Total Earnings as Adjusted 29,858 74,432 111,289 101,317 59,008 (309,324) 39,776 116,292 (321,524)
Fixed Charges Computation
Interest expensed 2,112 1,062 829 2,664 26,800 47,800 17,800 84,600 58,400
Capitalized interest 90 68 68 90 68
Amortization of deferred
financing costs 726 15,900 0 3,400 2,400
Estimated interest factor on
operating leases 106 361 327 315 1,835 1,376 1,376 3,592 1,376
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Total Fixed Charges 2,218 1,423 1,156 2,979 29,451 65,144 19,244 91,882 62,244
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Ratio of earnings to fixed
charges 13.46 52.31 96.27 34.01 2.01 (4.75) 2.07 1.27 (5.17)
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Insufficiency of earnings to
cover fixed charges 374,468 383,768
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