EXHIBIT 12
ARAMARK CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (A)
(In thousands)
Fiscal Year Ended
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October 1, October 2, October 3, September 27, September 29,
1999 1998 1997 1996 1995
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Income before income taxes
and minority interest $239,413 $215,772 $215,847 $179,159 $167,577
Fixed charges, excluding
capitalized interest 188,184 169,997 163,404 160,740 152,991
Other, net (3,845) (2,063) (67) (371) 1,502
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Earnings, as adjusted $423,752 $383,706 $379,184 $339,528 $322,070
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Interest expense $139,829 $122,681 $119,284 $117,856 $111,605
Capitalized interest 412 3 223 414 79
Portion of operating lease
rentals representative
of interest factor 48,355 47,316 44,120 42,884 41,386
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Fixed charges $188,596 $170,000 $163,627 $161,154 $153,070
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Ratio of earnings to
fixed charges 2.2x 2.3x 2.3x 2.1x 2.1x
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(A) For the purpose of determining the ratio of earnings to fixed charges,
earnings include pre-tax income plus fixed charges (excluding capitalized
interest). Fixed charges consist of interest on all indebtedness (including
capitalized interest) plus that portion of operating lease rentals
representative of the interest factor (deemed to be one-third of operating
lease rentals).