Attached files
file | filename |
---|---|
10-Q - 10-Q 10.2.2015 - GENERAL CABLE CORP /DE/ | bgc-20151002.htm |
EX-31.1 - EXHIBIT 31.1 - GENERAL CABLE CORP /DE/ | bgc-20151002_exhibit311.htm |
EX-31.2 - EXHIBIT 31.2 - GENERAL CABLE CORP /DE/ | bgc-20151002_exhibit312.htm |
EX-3.2 - EXHIBIT 3.2 - GENERAL CABLE CORP /DE/ | bgc-20151002_exhibit32.htm |
EX-32.1 - EXHIBIT 32.1 - GENERAL CABLE CORP /DE/ | bgc-20151002_exhibit321.htm |
Exhibit 12.1
GENERAL CABLE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(in millions)
Nine months ended October 2, 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 | $ | (72.4 | ) | $ | (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 | 80.8 | 123.7 | 133.2 | 110.5 | 100.3 | 78.7 | |||||||||||||||||
TOTAL EARNINGS, AS DEFINED | $ | 8.4 | $ | (426.3 | ) | $ | 126.1 | $ | 176.3 | $ | 187.6 | $ | 170.5 | ||||||||||
FIXED CHARGES, AS DEFINED | |||||||||||||||||||||||
Interest expense | $ | 69.1 | $ | 109.6 | $ | 118.2 | $ | 100.4 | $ | 91.4 | $ | 71.3 | |||||||||||
Amortization of capitalized expenses related to debt | 3.2 | 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 | 8.5 | 10.3 | 10.8 | 6.5 | 4.2 | 3.8 | |||||||||||||||||
TOTAL FIXED CHARGES, AS DEFINED | $ | 80.8 | $ | 123.7 | $ | 133.2 | $ | 110.5 | $ | 100.3 | $ | 78.7 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 0.1 | (3.4 | ) | 0.9 | 1.6 | 1.9 | 2.2 |