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EXHIBIT 12.1
AMERICAN COMMERCIAL LINES LLC
RATIO OF EARNINGS TO FIXED CHARGES
(THOUSANDS OF DOLLARS)
Pro Forma
----------------
Fiscal Twelve
Fiscal Years Ended Six Months Ended Year Months
--------------------------------------------- ---------------- Ended Ended
Dec. 31, Dec. 31, Dec. 29, Dec. 27, Dec. 26, June 27, June 28, Dec. 26, June 26,
1993 1994 1995 1996 1997 1997 1998 1997 1998
-------- -------- -------- -------- ------- -------- -------- -------- --------
EARNINGS:
Earnings before income taxes 18,421 40,222 82,263 86,158 44,231 7,796 10,437 15,028 16,087
Interest on indebtedness 15,654 13,712 11,385 11,780 12,472 6,166 6,068 71,008 71,008
Amortization of debt discount 541 497 429 377 326 167 140 2,800 2,800
Interest portion of fixed rent expense 2,620 2,251 2,197 5,681 6,370 2,975 3,117 9,320 9,443
Minority interest share of loss in
consolidated subsidiaries 0 0 0 0 0 (21) (447) 0 0
------ ------ ------ ------ ------ ------ ------ ------ ------
Earnings, as Adjusted 37,236 56,682 96,274 103,996 63,399 17,083 19,315 98,156 99,338
FIXED CHARGES:
Interest on indebtedness 15,654 13,712 11,385 11,780 12,472 6,166 6,068 71,008 71,008
Amortization of debt discount 541 497 429 377 326 167 140 2,800 2,800
Interest portion of fixed rent expense 2,620 2,251 2,197 5,681 6,370 2,975 3,117 9,320 9,443
------ ------ ------ ------ ------ ------ ------ ------ ------
Fixed Charges 18,815 16,460 14,011 17,838 19,168 9,308 9,325 83,128 83,251
Ratio of Earnings to Fixed Charges 2.0x 3.4x 6.9x 5.8x 3.3x 1.8x 2.1x 1.2x 1.2x
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