Attached files
| file | filename |
|---|---|
| EX-2.1 - EXHIBIT 2.1 - GENERAL CABLE CORP /DE/ | bgc-2015703_exhibit21.htm |
| EX-31.1 - EXHIBIT 31.1 - GENERAL CABLE CORP /DE/ | bgc-2015703_exhibit311.htm |
| EX-31.2 - EXHIBIT 31.2 - GENERAL CABLE CORP /DE/ | bgc-2015703_exhibit312.htm |
| EX-32.1 - EXHIBIT 32.1 - GENERAL CABLE CORP /DE/ | bgc-2015703_exhibit321.htm |
| EX-10.6 - EXHIBIT 10.6 - GENERAL CABLE CORP /DE/ | bgc-2015703_exhibit106.htm |
| 10-Q - 10-Q 7.3.2015 - GENERAL CABLE CORP /DE/ | bgc-2015703.htm |
Exhibit 12.1
GENERAL CABLE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(in millions)
Six months ended July 3, 2015 | Year ended December 31, | ||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||
EARNINGS AS DEFINED | |||||||||||||||||||||||
Earnings (loss) from operations before income taxes and before adjustments for minority interests in consolidated subsidiaries and after eliminating undistributed earnings of equity method investees from continuing operations | $ | (40.6 | ) | $ | (550.0 | ) | $ | (6.8 | ) | $ | 66.1 | $ | 87.6 | $ | 92.1 | ||||||||
Preferred stock dividend (pre-tax equivalent) | — | — | (0.3 | ) | (0.3 | ) | (0.3 | ) | (0.3 | ) | |||||||||||||
Fixed charges | 55.5 | 123.7 | 133.2 | 110.5 | 100.3 | 78.7 | |||||||||||||||||
TOTAL EARNINGS, AS DEFINED | $ | 14.9 | $ | (426.3 | ) | $ | 126.1 | $ | 176.3 | $ | 187.6 | $ | 170.5 | ||||||||||
FIXED CHARGES, AS DEFINED | |||||||||||||||||||||||
Interest expense | $ | 47.6 | $ | 109.6 | $ | 118.2 | $ | 100.4 | $ | 91.4 | $ | 71.3 | |||||||||||
Amortization of capitalized expenses related to debt | 2.1 | 3.8 | 3.9 | 3.3 | 4.4 | 3.3 | |||||||||||||||||
Preferred stock dividend (pre-tax equivalent) | — | — | 0.3 | 0.3 | 0.3 | 0.3 | |||||||||||||||||
Interest component of rent expense | 5.8 | 10.3 | 10.8 | 6.5 | 4.2 | 3.8 | |||||||||||||||||
TOTAL FIXED CHARGES, AS DEFINED | $ | 55.5 | $ | 123.7 | $ | 133.2 | $ | 110.5 | $ | 100.3 | $ | 78.7 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 0.3 | (3.4 | ) | 0.9 | 1.6 | 1.9 | 2.2 | ||||||||||||||||