The Fairchild Corporation
Exhibit 12.1-Fixed Charge Coverage Ratio Calculation
(In Thousands)
Last
Twelve
Months
Fiscal Years Ended June 30, Nine Months Ended Ended
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1994 1995 1996 1997 1998 March 28, 1999 March 29, 1998 March 29,1998
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Earnings
Earnings (loss) from continuing operations
before taxes 31,286 (76,116) (64,894) (5,003) 123,394 117,545 20,355 26,204
Fixed Charges 79,452 77,116 70,584 58,831 54,343 44,371 28,448 34,997
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Total 110,738 1,720 5,670 53,828 177,737 161,916 48,803 61,201
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Fixed Charges
Interest expense 73,057 71,087 64,521 52,376 48,007 38,027 22,261 27,144
Amortization expense (goodwill) 4,396 4,620 3,979 4,814 5,469 4,179 4,002 5,292
Rental expense (interest portion) 2,000 2,229 2,064 1,641 2,867 2,165 2,165 2,561
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Total 79,452 77,836 70,584 58,831 54,343 44,371 28,448 34,997
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Ratio of Earnings to Fixed
Charges 1.39 3.27 3.65 1.72 1.75
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