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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,
 
     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:

                 

Income from equity method investments

     (2.2     (0.9     (4.0     (3.6      (3.4     (5.4     (0.8
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

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:

                 

Fixed charges, excluding preferred stock dividend requirement

     104.8        108.2        73.6        48.3         29.8        53.3        14.0   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Earnings available for fixed charges

   $ (14.9   $ 14.0      $ (342.3   $ 364.6       $ 72.6      $ 145.2      $ 45.4   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Fixed charges:

                 

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   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Fixed charges

   $ 104.8      $ 108.2      $ 73.6      $ 48.3       $ 34.5      $ 60.6      $ 15.7   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

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.