METALICO INC - FORM 10-K - EX-12.1 - March 16, 2010

Attached files

file filename
10-K - FORM 10-K - METALICO INCc56724e10vk.htm
EX-23.2 - EX-23.2 - METALICO INCc56724exv23w2.htm
EX-23.1 - EX-23.1 - METALICO INCc56724exv23w1.htm
EX-21.1 - EX-21.1 - METALICO INCc56724exv21w1.htm
EX-32.1 - EX-32.1 - METALICO INCc56724exv32w1.htm
EX-32.2 - EX-32.2 - METALICO INCc56724exv32w2.htm
EX-31.1 - EX-31.1 - METALICO INCc56724exv31w1.htm
EX-31.2 - EX-31.2 - METALICO INCc56724exv31w2.htm
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                         
    Year Ended December 31,  
    2009     2008     2007     2006     2005  
Earnings as defined for fixed charges:
                                        
Add:
                                        
Pretax (loss) earnings from continuing operations
   $ (1,904 )   $ (58,293 )   $ 23,989     $ 17,812     $ 11,536  
Fixed charges
     15,976       17,544       6,230       2,274       2,611  
Amortization of capitalized interest
     26       17       —       —       —  
Distributed income of equity investees
     —       —       —       —       —  
Deduct
                                        
Interest capitalized
     —       (52 )     (245 )                
Preference security dividend requirements of consolidated subsidiaries
     —       —       —       —       —  
Noncontrolling Interests
     —       413       357       65       —  
 
                              
 
                                        
Total earnings as defined for ratio to fixed charges:
   $ 14,098     $ (40,371 )   $ 30,331     $ 20,151     $ 14,147  
 
                              
 
                                        
Fixed Charges:
                                        
Interest expensed and capitalized and amortization of deferred debt issuance costs
   $ 15,857     $ 17,407     $ 6,128     $ 2,197     $ 2,527  
An estimate of interest within rental expense
     119       137       102       77       84  
Preference security dividend requirements of consolidated subsidiaries
     —       —       —       —       —  
 
                              
 
                                        
Total Fixed Charges
   $ 15,976     $ 17,544     $ 6,230     $ 2,274     $ 2,611  
 
                              
 
                                        
Ratio of earnings to fixed charges
     0.88       (2.30 )     4.87       8.86       5.42  
 
                              

 

METALICO INC Reports