HAWKER BEECHCRAFT ACQUISITION CO LLC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 25, 2011

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10-K - FORM 10-K - HAWKER BEECHCRAFT ACQUISITION CO LLCd10k.htm
EX-32.1 - CERTIFICATION OF THE PEO AND PFO OF HAWKER BEECHCRAFT ACQUISITION COMPANY, LLC - HAWKER BEECHCRAFT ACQUISITION CO LLCdex321.htm
EX-31.1 - CERTIFICATIONS OF THE PEO AND PFO OF HAWKER BEECHCRAFT ACQUISITION COMPANY, LLC - HAWKER BEECHCRAFT ACQUISITION CO LLCdex311.htm
EX-31.2 - CERTIFICATIONS OF THE PEO AND PFO OF HAWKER BEECHCRAFT NOTES COMPANY - HAWKER BEECHCRAFT ACQUISITION CO LLCdex312.htm
EX-21.1 - LIST OF SUBSIDIARIES - HAWKER BEECHCRAFT ACQUISITION CO LLCdex211.htm
EX-32.2 - CERTIFICATION OF THE PEO AND PFO OF HAWKER BEECHCRAFT NOTES COMPANY - HAWKER BEECHCRAFT ACQUISITION CO LLCdex322.htm
EX-10.34 - COMPENSATION PROGRAM FOR CERTAIN DIRECTORS - HAWKER BEECHCRAFT ACQUISITION CO LLCdex1034.htm
EX-10.25.6 - HAWKER BEECHCRAFT SAVINGS AND INVESTMENT PLAN - HAWKER BEECHCRAFT ACQUISITION CO LLCdex10256.htm
EX-10.19.5 - HAWKER BEECHCRAFT CORPORATION RETIREMENT INCOME PLAN FOR SALARIED EMPLOYEES - HAWKER BEECHCRAFT ACQUISITION CO LLCdex10195.htm
EX-10.35 - SEPARATION OF EMPLOYMENT AGREEMENT AND GENERAL RELEASE (SIDNEY E. ANDERSON) - HAWKER BEECHCRAFT ACQUISITION CO LLCdex1035.htm

Exhibit 12.1

Ratio of Earnings to Fixed Charges

 

     Successor            Predecessor  
     Year
Ended
December  31,
2010		     Year
Ended
December  31,
2009		     Year
Ended
December  31,
2008		     Nine Months
Ended
December 31,
2007		            Three Months
Ended
March 25,
2007		      Year
Ended
December  31,
2006		  

Earnings

                   

- Pre-tax (loss) income from continuing operations

    $ (303.4 )    $ (512.0 )    $ (54.7 )    $ (5.0 )         $ 16.6       $ 140.6   

- Fixed charges

      136.5        159.5        209.9        160.4             17.9         99.7   
                                                      

Net earnings

    $ (166.9 )    $ (352.5 )    $ 155.2      $ 155.4           $ 34.5       $ 240.3   
                                                      
 

Fixed Charges

                   

- External interest expense

    $ 120.3      $ 141.5      $ 196.3      $ 151.0           $ —         $ —     

- Intercompany interest expense, net

      —          —          —          —               15.8         91.6   

- Amortized premiums, discounts and capitalized expenses related to indebtedness

      11.5        13.1        9.6        7.2             —           —     

- Estimate of interest expense within rental expense

      4.7        4.9        4.0        2.2             2.1         8.1   
                                                      

Total fixed charges

    $ 136.5      $ 159.5      $ 209.9      $ 160.4           $ 17.9       $ 99.7   
                                                      
 

Ratio of earnings to fixed charges(1)

      -1.22X        -2.21X        0.74X        0.97X             N/A         N/A   

Deficiency

      303.4        512.0        54.7        5.0             N/A         N/A   

 

(1) For purposes of computing the ratio of earnings to fixed charges, earnings consist of income before income tax plus fixed charges. Fixed charges consist of interest expense and a portion of operating rental expense that management believes is representative of the interest component of rental expense. For periods in which the ratio of earnings is less than 1.0, the amounts shown as Deficiency represent the additional earnings that would be necessary to raise the ratio to 1.0. For the Predecessor periods, the ratio of earnings to fixed charges is not meaningful, given the fact that debt was not held by the Predecessor business.

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