EXHIBIT 12.1
ADOPLH COORS COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
Fiscal Year Ended
Thirteen Thirteen Thirteen ---------------------------------------------
Weeks Weeks Weeks Decem-
Ended Ended Ended ber 30, Decem- Decem- Decem-
March 31, 2002 March 31, April 1, 2001 ber 30, ber 31, ber 26,
Proforma 2002 2001 Proforma 2001 2000 1999
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Earnings before income taxes,
extraordinary loss and cumulative
effect of accounting change $ 23,200 $ 44,966 $ 29,562 $ 224,964 $ 198,013 $ 169,525 $ 150,667
Plus: Amortization of capitalized
interest 1,163 1,163 1,422 5,679 5,679 5,802 5,760
Equity investee distributions 10,660 10,660 7,241 50,072 39,453 55,379 30,280
Less: Equity investee income (10,191) (9,691) (9,226) (53,854) (43,630) (42,395) (36,958)
Capitalized interest (1,800) (1,800) (1,464) (6,647) (6,647) (3,153) (4,121)
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Subtotal 23,032 45,298 27,535 220,214 192,868 185,158 145,628
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Fixed Charges:
Interest expense 21,202 9,913 811 82,771 2,006 6,414 4,357
Capitalized interest 1,800 1,800 1,464 6,647 6,647 3,153 4,121
Portions of rent expense
representing interest 1,175 1,077 1,084 4,209 3,921 3,834 3,659
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Total fixed charges (B) 24,177 12,790 3,359 93,627 12,574 13,401 12,137
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Earnings and fixed charges (A) $ 47,209 $ 58,088 $ 30,894 $ 313,841 $ 205,442 $ 198,559 $ 157,765
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Ratio of earnings to fixed
charges (A/B) 2.0 4.5 9.2 3.4 16.3 14.8 13.0
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Fiscal Year Ended
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Decem- Decem-
ber 27, ber 28,
1998 1997
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Earnings before income taxes,
extraordinary loss and cumulative
effect of accounting change $ 111,100 $ 146,893
Plus: Amortization of capitalized
interest 5,562 5,922
Equity investee distributions 22,438 13,250
Less: Equity investee income (33,227) (15,893)
Capitalized interest (2,729) (1,900)
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Subtotal 103,144 148,272
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Fixed Charges:
Interest expense 9,803 13,277
Capitalized interest 2,729 1,900
Portions of rent expense
representing interest 3,684 4,623
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Total fixed charges (B) 16,216 19,800
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Earnings and fixed charges (A) $ 119,360 $ 168,072
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Ratio of earnings to fixed
charges (A/B) 7.4 8.5
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