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EXHIBIT 12
AMERICAN PLUMBING & MECHANICAL, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS OF DOLLARS)
Four Months Four Months Year Ended Three Months Ended
Years Ended August 31, Ended Ended December 31, March 31,
------------------------------ December 31, December 31, ------------------ ------------------
1994 1995 1996 1995 1996 1997 1998 1998 1999
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CHRISTIANSON (ACCOUNTING
ACQUIROR)
Earnings:
Income before income
taxes . . . . . . . . . $ 256 $ 838 $ 1,343 $ 370 $(1,402) $ 1,967 $ 648 $ 449 $ 3,564
Fixed charges . . . . . . 93 133 152 49 52 252 269 165 197
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$ 349 $ 971 $ 1,495 419 $(1,350) $ 2,219 $ 917 $ 614 $ 3,761
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Fixed Charges:
Interest expense . . . . . $ 10 $ 72 $ 92 $ 29 $ 33 $ 102 $ 116 $ 37 $ 27
Portion of rental cost
representing interest . 83 61 60 20 19 150 153 128 170
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$ 93 $ 133 $ 152 49 $ 52 $ 252 $ 269 $ 165 $ 197
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Ratio of earnings to fixed
charges . . . . . . . . . 3.7x 7.3x 9.9x 8.6X --x 8.8x 3.4x 3.7x 19.1x
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PRO FORMA COMBINED:
Earnings:
Income before income
taxes . . . . . . . . . $18,710 $ 8,395
Fixed charges . . . . . . 16,412 4,114
Preference dividends . . . (1,363) (341)
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$33,759 $12,168
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Fixed Charges:
Interest expense . . . . .
Amortized premiums,
discounts and
capitalized expenses $14,201 $ 3,550
related to debt . . . . 500 125
Portion of rental cost
representing interest . 348 98
Preference dividends . . . 1,363 341
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$16,412 $ 4,114
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Ratio of earnings to fixed
charges . . . . . . . . . 2.1x 3.0x
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