1
Exhibit 12.1
SAFELITE GLASS CORP.
RATIO OF EARNINGS
TO FIXED CHARGES
(Dollars in Millions)
FISCAL YEAR (1) Three Months Nine Months
Pro Forma Ended Ended
1993 1994 1995 1996 1997 1997 April 4, 1998 January 2, 1999
------ ------ ----- ----- ------ --------- ------------- ---------------
EARNINGS & LOSSES:
PRE-TAX INCOME (LOSS) FROM
CONTINUING OPERATIONS ($21.6) ($2.9) $ 7.5 $19.2 $(0.4) $(46.1) $(5.9) $(11.9)
INTEREST EXPENSE 15.5 4.5 6.0 6.7 27.5 44.5 10.9 34.3
PORTION OF RENTAL EXPENSE
REPRESENTATIVE OF AN INTEREST
FACTOR 11.0 11.5 12.0 12.5 14.3 25.2 7.1 19.7
------ ----- ----- ----- ----- ------ ----- ------
TOTAL EARNINGS (LOSSES) $ 4.9 $13.1 $25.5 $38.4 $41.4 $ 23.6 $12.1 $ 42.1
FIXED CHARGES:
INTEREST EXPENSE $ 15.5 $ 4.5 $ 6.0 $6.7 $27.5 $ 44.5 $10.9 $ 34.3
PORTION OF RENTAL EXPENSE
REPRESENTATIVE OF AN INTEREST
FACTOR 11.0 11.5 12.0 12.5 14.3 25.2 7.1 19.7
------ ----- ----- ----- ----- ------ ----- ------
TOTAL FIXED CHARGES $ 26.5 $16.0 $18.0 $19.2 $41.8 $ 69.7 $18.0 $ 54.0
RATIO OF EARNINGS TO FIXED CHARGES -- -- 1.4x 2.0x -- -- -- --
(1) Prior to 1998, the Company's fiscal year ended on the Saturday closest
to December 31 of each year. On May 18, 1998, the Company changed its
fiscal year to the Saturday closest to March 31.