ARAMARK CORP - FORM 10-K - EX-12 - RATIO OF EARNINGS TO FIXED CHARGES - December 16, 2010

Attached files

file filename
10-K - ARAMARK CORP--FORM 10-K - ARAMARK CORPd10k.htm
EX-21 - LIST OF SUBSIDIARIES - ARAMARK CORPdex21.htm
EX-31.2 - CERTIFICATION OF CFO SECTION 302 - ARAMARK CORPdex312.htm
EX-32.1 - CERTIFICATION OF CEO SECTION 906 - ARAMARK CORPdex321.htm
EX-23.1 - CONSENT OF KPMG LLP - ARAMARK CORPdex231.htm
EX-31.1 - CERTIFICATION OF CEO SECTION 302 - ARAMARK CORPdex311.htm
EX-32.2 - CERTIFICATION OF CFO SECTION 906 - ARAMARK CORPdex322.htm
EX-99.1 - AUDITED FINANCIAL STATEMENTS OF AIM SERVICES CO. LTD - ARAMARK CORPdex991.htm
EX-23.2 - CONSENT OF DELOITTE TOUCHE TOHMATSU LLC - ARAMARK CORPdex232.htm

EXHIBIT 12

ARAMARK CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (A)

(Unaudited)

(In thousands)

 

     Successor (B)           Predecessor (B)  
     Fiscal Year
Ended
October 1,
2010		     Fiscal Year
Ended
October 2,
2009		     Fiscal Year
Ended
October 3,
2008 (C)		     Period from
January 27,
2007 through
September 28,
2007		           Period from
September 30,
2006 through
January 26,
2007		     Fiscal Year
Ended
September 29,
2006		  

Income (loss) from continuing operations before income taxes and cumulative effect of change in accounting principle

    $ 30,284      $ (34,776 )    $ 51,446      $ 20,700           $ 19,863      $ 390,586   

Fixed charges, excluding capitalized interest

      509,995        541,756        577,262        412,658             67,422        193,516   

Undistributed earnings of less than 50% owned affiliates

      (22,114 )      (16,549 )      (13,888 )      (11,801 )           (5,411 )      (9,464 ) 
                                                     

Earnings, as adjusted

    $ 518,165      $ 490,431      $ 614,820      $ 421,557           $ 81,874      $ 574,638   
                                                     

Interest expense

    $ 451,779      $ 485,132      $ 517,334      $ 375,378           $ 49,435      $ 141,539   

Portion of operating lease rentals representative of interest factor

      58,167        56,024        59,928        37,280             17,987        51,977   
                                                     

Fixed charges

    $ 509,946      $ 541,156      $ 577,262      $ 412,658           $ 67,422      $ 193,516   
                                                     

Ratio of earnings to fixed charges

      1.0 x      0.9 x      1.1 x      1.0 x           1.2 x      3.0 x 
                                                     

 

(A) For the purpose of determining the ratio of earnings to fixed charges, earnings include pretax income (loss) from continuing operations plus fixed charges (excluding capitalized interest). Fixed charges consist of interest on all indebtedness (including capitalized interest) plus that portion of operating lease rentals representative of the interest factor (deemed to be one-third of operating lease rentals).
(B) The ratio of earnings to fixed charges are presented for two periods: Predecessor and Successor, which relate to the period preceding the going-private transaction and the period succeeding the going-private transaction, respectively. As a result of the Transaction and the related purchase accounting, the Predecessor and Successor ratios of earnings to fixed charges are not comparable.
(C) Fiscal 2008 was a 53 week year.

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