Attached files
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EXCEL - IDEA: XBRL DOCUMENT - Cooper-Standard Holdings Inc. | Financial_Report.xls |
10-Q - FORM 10-Q - Cooper-Standard Holdings Inc. | d326859d10q.htm |
EX-10.2 - COOPER-STANDARD HOLDINGS INC. 2011 - Cooper-Standard Holdings Inc. | d326859dex102.htm |
EX-32.2 - SECTION 906 CFO CERTIFICATION - Cooper-Standard Holdings Inc. | d326859dex322.htm |
EX-32.1 - SECTION 906 CEO CERTIFICATION - Cooper-Standard Holdings Inc. | d326859dex321.htm |
EX-31.2 - SECTION 302 CFO CERTIFICATION - Cooper-Standard Holdings Inc. | d326859dex312.htm |
EX-31.1 - SECTION 302 CEO CERTIFICATION - Cooper-Standard Holdings Inc. | d326859dex311.htm |
EX-10.1 - COOPER-STANDARD HOLDINGS INC. 2011 - Cooper-Standard Holdings Inc. | d326859dex101.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
(In millions, except ratio of earnings to fixed charges)
Predecessor | Successor | |||||||||||||||||||||||||||
Year Ended December 31, | Five Months Ended May 31, |
Seven Months Ended December 31, |
Year Ended December 31, |
Three Months Ended March 31, |
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2007 | 2008 | 2009 | 2010 | 2010 | 2011 | 2012 | ||||||||||||||||||||||
Income (loss) before income taxes |
$ | (117.5 | ) | $ | (93.3 | ) | $ | (411.9 | ) | $ | 319.9 | $ | 46.2 | $ | 97.3 | $ | 32.2 | |||||||||||
Less: |
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Income from equity method investments |
(2.2 | ) | (0.9 | ) | (4.0 | ) | (3.6 | ) | (3.4 | ) | (5.4 | ) | (0.8 | ) | ||||||||||||||
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Earnings (loss) from continuing operations before income taxes and income or loss from equity investments |
(119.7 | ) | (94.2 | ) | (415.9 | ) | 316.3 | 42.8 | 91.9 | 31.4 | ||||||||||||||||||
Plus: |
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Fixed charges, excluding preferred stock dividend requirement |
104.8 | 108.2 | 73.6 | 48.3 | 29.8 | 53.3 | 14.0 | |||||||||||||||||||||
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Earnings available for fixed charges |
$ | (14.9 | ) | $ | 14.0 | $ | (342.3 | ) | $ | 364.6 | $ | 72.6 | $ | 145.2 | $ | 45.4 | ||||||||||||
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Fixed charges: |
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Interest expense |
$ | 97.4 | $ | 100.5 | $ | 66.5 | $ | 45.2 | $ | 25.9 | $ | 45.4 | $ | 11.9 | ||||||||||||||
Estimated interest factor for rentals |
7.4 | 7.7 | 7.1 | 3.1 | 3.9 | 7.9 | 2.1 | |||||||||||||||||||||
Preferred stock dividend requirements |
| | | | 4.7 | 7.3 | 1.7 | |||||||||||||||||||||
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Fixed charges |
$ | 104.8 | $ | 108.2 | $ | 73.6 | $ | 48.3 | $ | 34.5 | $ | 60.6 | $ | 15.7 | ||||||||||||||
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Ratio of earnings to combined fixed charges and preferred stock dividends |
| | | 7.5 | 2.1 | 2.4 | 2.9 | |||||||||||||||||||||
Fixed charges in excess of earnings (1) |
$ | 119.7 | $ | 94.2 | $ | 415.9 | $ | | $ | | $ | | $ | |
(1) | Earnings were insufficient to cover fixed charges by $119.7 million, $94.2 million and $415.9 million for the years ended December 31, 2007, 2008 and 2009, respectively. |