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Page 1 EXHIBIT 12.1
THE J.H. HEAFNER COMPANY, INC.
Statement Regarding: Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividends
(Amounts in thousands, except ratio amounts)
Twelve months Twelve months Twelve months Twelve months
Ended Ended Ended Ended
December 31, December 31, December 31, December 31,
1998 1997 1996 1995
(unaudited) (unaudited) (unaudited) (unaudited)
------------- ------------- ------------- --------------
Consolidated pretax income (loss) from
continuing operations (2,219) (253) 1,051 690
Interest 13,460 4,842 1,465 1,308
Interest portion of rent expense 6,474 2,985 795 661
Amortization of Deferred Debt Issuance
Costs and Deferred Financing Costs 733 291 -- --
Preferred stock dividend requirements of
majority-owned subsidiaries -- -- -- --
------- ------ ----- -----
EARNINGS 18,448 7,865 3,311 2,659
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Interest 13,460 4,842 1,465 1,308
Interest portion of rent expense 6,474 2,985 795 661
Amortization of Deferred Debt Issuance
Costs and Deferred Financing Costs 733 291 -- --
Preferred stock dividend requirements of
majority-owned subsidiaries -- -- -- --
------- ------ ----- -----
FIXED CHARGES 20,667 8,118 2,260 1,969
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RATIO OF EARNINGS TO FIXED CHARGES -- -- 1.47 1.35
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