1
Exhibit 12.1
AMSCAN HOLDINGS, INC.
RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS, EXCEPT RATIO DATA)
YEARS ENDED DECEMBER 31,
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TRANSACTION
PRO FORMA
1992 1993 1994 1995 1996 1996
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Earnings:
Income before taxes and minority interests $ 7,784 $ 9,104 $10,591 $19,206 $ 5,732 $ 8,449
Add: Fixed charges 2,556 3,358 4,719 6,874 8,735 25,090
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Earnings, as adjusted $10,340 $12,462 $15,310 $26,080 $14,467 $33,539
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Computation of fixed charges:
Interest expense $ 2,135 $ 2,711 $ 3,971 $ 6,025 $ 6,968 $23,323
Interest portion of rent expense 421 647 748 849 1,767 1,767
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Total fixed charges $ 2,556 $ 3,358 $ 4,719 $ 6,874 $ 8,735 $25,090
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Ratio of earnings to fixed charges 4.0x 3.7x 3.2x 3.8x 1.7x 1.3x
TWELVE MONTHS
ENDED
NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30,
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TRANSACTION TRANSACTION
PRO FORMA PRO FORMA
1996 1997 1997 1997
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Earnings:
Income before taxes and minority interests $20,104 $28,677 $14,335 $12,161
Add: Fixed charges 6,013 4,296 18,534 25,345
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Earnings, as adjusted $26,117 $32,973 $32,869 $37,506
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Computation of fixed charges:
Interest expense $ 4,827 $ 2,799 $17,037 $23,267
Interest portion of rent expense 1,186 1,497 1,497 2,078
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Total fixed charges $ 6,013 $ 4,296 $18,534 $25,345
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Ratio of earnings to fixed charges 4.3x 7.7x 1.8x 1.5x