EXHIBIT 12
RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
The following table sets forth the ratios of earnings to fixed charges and
earnings to combined fixed charges and preferred stock dividends for
Fruit of the Loom, Inc. and subsidiaries for the periods indicated (in
millions of dollars).
THREE
MONTHS YEAR ENDED
ENDED -----------------------------------------------------------------------
APRIL 3, JANUARY 2, DECEMBER 31, DECEMBER 31, DECEMBER 31, DECEMBER 31,
1999 1999 1999 1999 1999 1999
Fixed Charges:
Interest expense $ 21.6 $ 97.3 $ 84.7 $ 103.6 $ 116.9 $ 95.4
Amortization of debt issuance costs 0.6 1.4 1.3 2.1 2.5 3.0
Portion of rents representative of interest factor 4.2 15.7 14.6 14.8 12.2 6.7
Capitalized interest expense - 0.1 0.1 0.6 1.7 1.9
------ ------ ------- ------- ------- ------
Total fixed charges 26.4 114.5 100.7 121.1 133.3 107.0
Preferred Stock dividends 0.3 - - - - -
------ ------ ------- ------- ------- ------
$ 26.7 $114.5 $ 100.7 $ 121.1 $ 133.3 $107.0
------ ------ ------- ------- ------- ------
Earnings:
Earnings before income tax expense $ (9.2) $143.0 $(451.7) $ 178.2 $(247.5) $170.2
Interest expense 21.6 97.3 84.7 103.6 116.9 95.4
Amortization of debt issuance costs 0.6 1.4 1.3 2.1 2.5 3.0
Portion of rents representative of interest factor 4.2 15.7 14.6 14.8 12.2 6.7
Amortization of capitalized interest 0.2 0.5 1.2 1.2 1.2 1.1
------ ------ ------- ------- ------- ------
Total earnings (loss) $ 17.4 $257.9 $(349.9) $ 299.9 $(114.7) $276.4
------ ------ ------- ------- ------- ------
Ratio of earnings to fixed charges 0.7x 2.3x * x 2.5x * x 2.6x
Ratio of earnings to combined fixed charges and
preferred stock dividends 0.7x 2.3x * x 2.5x * x 2.6x
* Earnings were insufficient to cover fixed charges for the years ended December 31, 1997 and 1995 by $453.6 and $248.0,
respectively.