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EXHIBIT 12
INTEGRATED ELECTRICAL SERVICES, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS OF DOLLARS)
Year Ended September 30,
Year Ended Nine Months Ended ------------------------------------------------------
December 31, 1996 September 30, 1997 1997 1998 1999 2000
----------------- ------------------ -------- -------- -------- --------
CONSOLIDATED
Earnings:
Income before income
taxes . . . . . . . . . $6,136 $6,143 $7,298 $12,638 $83,455 $42,799
Fixed charges . . . . . . . 223 251 283 2,486 14,772 25,925
------ ------ ------ ------- ------- -------
$6,359 $6,394 $7,581 $15,124 $98,227 $68,724
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Fixed Charges:
Interest expense . . . . . $ 171 $ 164 $ 214 $ 1,161 $13,145 $23,230
Portion of rental cost
representing interest . . 52 87 69 1,325 1,627 2,695
------ ------ ------ ------- ------- -------
$ 223 $ 251 $ 283 $ 2,486 $14,772 $25,925
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Ratio of earnings to fixed
charges. . . . . . . . . . 28.5x 25.5x 26.8x 6.1x 6.6x 2.7x
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SIX MONTHS ENDED
MARCH 31
-------------------------------
2000 2001
--------- ---------
CONSOLIDATED
Earnings:
Income before income
taxes . . . . . . . . . $ 5,316 $28,294
Fixed charges . . . . . . . 12,675 14,026
------ ------
$17,991 $42,320
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Fixed Charges:
Interest expense . . . . . $ 11,395 $ 12,494
Portion of rental cost
representing interest . . 1,280 1,532
------ ------
$ 12,675 $ 14,026
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Ratio of earnings to fixed
charges. . . . . . . . . . 1.4x 3.0x
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