EXHIBIT 12.2 ------------ BREED TECHNOLOGIES, INC. COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (IN MILLIONS, EXCEPT FOR RATIOS) Fiscal Years Ended June 30, ------------------------------------------- 1994 1995 1996 1997 1998 -------- ------ ------ ------ --------- Net Earnings (loss) before extraordinary item.............. $44.6 $ 72.3 $ 63.0 $14.8 $(358.6) Add: Income taxes.................. 28.4 37.8 35.3 14.8 (60.2) ----- ------ ------ ----- ------- Profit (loss) before income taxes.. $73.0 $110.1 $ 98.3 $29.6 $(418.8) ===== ====== ====== ===== ======= Fixed Charges Interest expensed.................. $ 1.1 $ 0.8 $ 2.7 $26.8 $ 68.9 Capitalized interest............... -- -- -- 0.1 0.1 Amortization of deferred financing costs.............. -- -- -- 0.7 16.8 Estimated interest factor on operating leases............. 0.3 0.4 0.3 1.8 3.6 Dividends on redeemable preferred stock.............. -- -- -- -- 10.0 ----- ------ ------ ----- ------- ----- Total Fixed Charges................ $ 1.4 $ 1.2 $ 3.0 $29.4 $ 99.4 ===== ====== ====== ===== ======= Earnings Computation Profit (loss) before tax........ $73.0 $110.1 $ 98.3 $29.6 $(418.8) Fixed charges 1.4 1.2 3.0 29.4 99.3 ----- ------ ------ ----- ------- Total Earnings as Adjusted.......... $74.4 $111.3 $101.3 $59.0 $(319.5) ===== ====== ====== ===== ======= Ratio of earnings to fixed charges................... 53.1 92.7 33.8 2.0 (---) ----- ------ ------ ----- ------- Insufficiency of earnings to cover combined fixed charges and preferred stock dividends........ $(418.8) =======