Attached files
| file | filename |
|---|---|
| 8-K - 8-K - B/E AEROSPACE INC | a12-16001_48k.htm |
| EX-5.1 - EX-5.1 - B/E AEROSPACE INC | a12-16001_4ex5d1.htm |
| EX-1.1 - EX-1.1 - B/E AEROSPACE INC | a12-16001_4ex1d1.htm |
Exhibit 12.1
BE Aerospace, Inc.
Computation of Ratio of Earnings to Fixed Charges
(unaudited)
(dollars in millions, except ratios)
|
|
|
Three Month Ended |
|
Fiscal Year Ended December 31, |
| |||||||||||||||||
|
|
|
2012 |
|
2011 |
|
2011 |
|
2010 |
|
2009 |
|
2008 |
|
2007 |
| |||||||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Earnings (loss) before income taxes |
|
$ |
101.4 |
|
$ |
73.9 |
|
$ |
323.0 |
|
$ |
211.4 |
|
$ |
204.6 |
|
$ |
(87.8 |
) |
$ |
215.1 |
|
|
Fixed charges, excluding capitalized interest |
|
28.8 |
|
26.5 |
|
106.6 |
|
93.7 |
|
90.5 |
|
51.2 |
|
25.0 |
| |||||||
|
Total Earnings |
|
$ |
130.2 |
|
$ |
100.4 |
|
$ |
429.6 |
|
$ |
305.1 |
|
$ |
295.1 |
|
$ |
(36.6 |
) |
$ |
240.1 |
|
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Interest Expense |
|
$ |
26.9 |
|
$ |
24.7 |
|
$ |
99.3 |
|
$ |
85.9 |
|
$ |
82.2 |
|
$ |
45.8 |
|
$ |
22.3 |
|
|
Rental expenses representative of an interest factor |
|
0.3 |
|
0.3 |
|
1.1 |
|
1.0 |
|
1.7 |
|
1.5 |
|
1.5 |
| |||||||
|
Capitalized Interest |
|
— |
|
0.4 |
|
0.9 |
|
— |
|
— |
|
— |
|
— |
| |||||||
|
Amortization of deferred debt issuance costs and discount |
|
1.6 |
|
1.5 |
|
6.2 |
|
6.8 |
|
6.6 |
|
3.9 |
|
1.2 |
| |||||||
|
Total Fixed Charges |
|
$ |
28.8 |
|
$ |
26.9 |
|
$ |
107.5 |
|
$ |
93.7 |
|
$ |
90.5 |
|
$ |
51.2 |
|
$ |
25.0 |
|
|
Ratio of earnings to total fixed charges |
|
4.5 |
|
3.7 |
|
4.0 |
|
3.3 |
|
3.3 |
|
* |
|
9.6 |
| |||||||
* For the fiscal year ended December 31, 2008, our earnings were insufficient to cover our fixed charges by $87.8 million.