Attached files
file | filename |
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EX-31.1 - EXHIBIT 31.1 - GENERAL CABLE CORP /DE/ | bgc-20160401_exhibit311.htm |
EX-10.1 - EXHIBIT 10.1 - GENERAL CABLE CORP /DE/ | bgc-20160401_exhibit101.htm |
EX-32.1 - EXHIBIT 32.1 - GENERAL CABLE CORP /DE/ | bgc-20160401_exhibit321.htm |
10-Q - 10-Q - GENERAL CABLE CORP /DE/ | bgc-20160401.htm |
EX-31.2 - EXHIBIT 31.2 - GENERAL CABLE CORP /DE/ | bgc-20160401_exhibit312.htm |
Exhibit 12.1
GENERAL CABLE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(in millions)
Three months ended April 1, 2016 | Year ended December 31, | ||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
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 | $ | (7.3 | ) | $ | (139.3 | ) | $ | (567.4 | ) | $ | (6.9 | ) | $ | 66.1 | $ | 90.7 | |||||||
Preferred stock dividend (pre-tax equivalent) | — | — | — | (0.3 | ) | (0.3 | ) | (0.3 | ) | ||||||||||||||
Fixed charges | 23.3 | 105.1 | 123.7 | 133.2 | 110.5 | 100.3 | |||||||||||||||||
TOTAL EARNINGS, AS DEFINED | $ | 16.0 | $ | (34.2 | ) | $ | (443.7 | ) | $ | 126.0 | $ | 176.3 | $ | 190.7 | |||||||||
FIXED CHARGES, AS DEFINED | |||||||||||||||||||||||
Interest expense | $ | 20.5 | $ | 90.6 | $ | 109.6 | $ | 118.2 | $ | 100.4 | $ | 91.4 | |||||||||||
Amortization of capitalized expenses related to debt | 1.0 | 4.1 | 3.8 | 3.9 | 3.3 | 4.4 | |||||||||||||||||
Preferred stock dividend (pre-tax equivalent) | — | — | — | 0.3 | 0.3 | 0.3 | |||||||||||||||||
Interest component of rent expense | 1.8 | 10.4 | 10.3 | 10.8 | 6.5 | 4.2 | |||||||||||||||||
TOTAL FIXED CHARGES, AS DEFINED | $ | 23.3 | $ | 105.1 | $ | 123.7 | $ | 133.2 | $ | 110.5 | $ | 100.3 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 0.7 | (0.3 | ) | (3.6 | ) | 0.9 | 1.6 | 1.9 |