EXHIBIT 12.1
MSX INTERNATIONAL, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
FISCAL YEAR ENDED
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JANUARY 3, JANUARY 2, DECEMBER 31, DECEMBER 30, DECEMBER 29,
1999 2000 2000 2001 2002
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Earnings before income taxes and
fixed charges:
Income from continuing operations
before income taxes $ 5,839 $ 17,189 $ 26,997 $ 4,158 ($27,745)
Add interest on indebtedness, net 16,906 20,446 29,040 26,665 24,194
Add amortization of debt expense 510 695 1,079 1,216 1,737
Add estimated interest factor
for rentals 7,442 6,100 7,529 8,041 8,559
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Earnings before income taxes and
fixed charges $ 30,697 $ 44,430 $ 64,645 $ 40,080 $ 6,745
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Fixed charges:
Interest on indebtedness $ 16,906 $ 20,446 $ 29,040 $ 26,665 $ 24,194
Amortization of debt expense 510 695 1,079 1,216 1,737
Estimated interest factor for rentals 7,442 6,100 7,529 8,041 8,559
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$ 24,858 $ 27,241 $ 37,648 $ 35,922 $ 34,490
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Ratio of earnings to fixed charges 1.2 1.6 1.7 1.1 (a)
(a) Earnings were insufficient to cover fixed charges by $27.7 million for the
fiscal year ended December 29, 2002