EXHIBIT 12.1
GENERAL CABLE CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS)
Years ended December 31,
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2003 2002 2001 2000 1999
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EARNINGS AS DEFINED
Earnings (loss) from operations before income taxes and before
adjustments for minority interests in consolidated
subsidiaries and after eliminating
undistributed earnings
of equity method investees $(1.2) $(27.6) $ 58.1 $ (28.9) $55.4
Preferred stock dividend (pre-tax equivalent) (0.9) - - - -
Fixed charges 53.2 47.1 51.5 67.8 43.4
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TOTAL EARNINGS, AS DEFINED $51.1 $ 19.5 $ 109.6 $ 38.9 $98.8
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FIXED CHARGES, AS DEFINED
Interest expense $44.9 $ 40.9 $ 43.2 $ 61.4 $39.0
Amortization of capitalized expenses related to debt 4.5 3.7 4.4 4.2 1.1
Preferred stock dividend (pre-tax equivalent) 0.9 - - - -
Interest component of rent expense 2.9 2.5 3.9 2.2 3.3
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TOTAL FIXED CHARGES, AS DEFINED $53.2 $ 47.1 $ 51.5 $ 67.8 $43.4
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RATIO OF EARNINGS TO FIXED CHARGES - - 2.1 - 2.3
For the years ended December 31, 2003, 2002 and 2000, earnings were insufficient
to cover fixed charges by $2.1 million $27.6 million and $28.9 million,
respectively.