Mueller Water Products, Inc. - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - November 24, 2009

Attached files

file filename
10-K - FORM 10-K - Mueller Water Products, Inc.d10k.htm
EX-31.2 - SECTION 302 CERTIFICATION, CFO - Mueller Water Products, Inc.dex312.htm
EX-23.2 - CONSENT OF PRICEWATERHOUSECOOPERS LLP - Mueller Water Products, Inc.dex232.htm
EX-31.1 - SECTION 302 CERTIFICATION, CEO - Mueller Water Products, Inc.dex311.htm
EX-23.1 - CONSENT OF ERNST & YOUNG LLP - Mueller Water Products, Inc.dex231.htm
EX-32.1 - SECTION 906 CERTIFICATION, CEO - Mueller Water Products, Inc.dex321.htm
EX-10.3 - AMENDED AND RESTATED 2006 STOCK INCENTIVE PLAN - Mueller Water Products, Inc.dex103.htm
EX-21.1 - SUBSIDIARIES - Mueller Water Products, Inc.dex211.htm
EX-32.2 - SECTION 906 CERTIFICATION, CFO - Mueller Water Products, Inc.dex322.htm

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth the ratio of earnings to fixed charges for the periods indicated. The year ended September 30, 2005 is unaudited and is for a nine month fiscal period. The Company changed its fiscal year to end on September 30 at September 30, 2005. The year ended September 30, 2005 is a nine month year.

 

     Year ended September 30,
         2009             2008            2007            2006            2005    
     (in millions)     

Income (loss) before income taxes

    $ (1,083.0 )    $ 73.7    $ 86.7    $ 13.1    $ 7.9
                                   

Fixed charges:

              

Total interest including amortization of debt discount and issue costs and amounts capitalized

    $ 80.0      $ 77.5    $ 90.8    $ 123.7    $ 15.5

Estimated interest within rent expense

      4.6        4.1      3.0      3.3      -  
                                   

Total fixed charges

    $ 84.6      $ 81.6    $ 93.8    $ 127.0    $ 15.5
                                   

Earnings (a)

    $ (998.4 )    $ 155.3    $ 180.5    $ 140.1    $ 23.4
                                   

Ratio of earnings to fixed charges (b)

      -          1.9      1.9      1.1      1.5
                                   

 

 

 

  (a) For these ratios, “earnings” represents income (loss) before income taxes plus fixed charges.

 

  (b) Due to a loss during the year ended September 30, 2009, the ratio of earnings to fixed charges for that year was less than 1.0. The deficiency of earnings to total fixed charges was $1,083.0 million for fiscal 2009.

Mueller Water Products, Inc. Reports