Attached files
file | filename |
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EX-31.1 - EXHIBIT 31.1 - GENERAL CABLE CORP /DE/ | bgc-20171231_ex311.htm |
EX-32.1 - EXHIBIT 32.1 - GENERAL CABLE CORP /DE/ | bgc-20171231_ex321.htm |
EX-31.2 - EXHIBIT 31.2 - GENERAL CABLE CORP /DE/ | bgc-20171231_ex312.htm |
EX-24.1 - EXHIBIT 24.1 - GENERAL CABLE CORP /DE/ | bgc-20171231_ex241.htm |
EX-23.1 - EXHIBIT 23.1 - GENERAL CABLE CORP /DE/ | bgc-20171231_ex231.htm |
EX-21.1 - EXHIBIT 21.1 - GENERAL CABLE CORP /DE/ | bgc-20171231_ex211.htm |
10-K - 10-K - GENERAL CABLE CORP /DE/ | bgc-20171231.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(in millions)
Year ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
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 | $ | (38.9 | ) | $ | (98.1 | ) | $ | (151.1 | ) | $ | (636.1 | ) | $ | 27.0 | |||||
Preferred stock dividend (pre-tax equivalent) | — | — | — | — | (0.3 | ) | |||||||||||||
Fixed charges | 84.0 | 95.9 | 108.1 | 127.6 | 137.0 | ||||||||||||||
TOTAL EARNINGS, AS DEFINED | $ | 45.1 | $ | (2.2 | ) | $ | (43.0 | ) | $ | (508.5 | ) | $ | 163.7 | ||||||
FIXED CHARGES, AS DEFINED | |||||||||||||||||||
Interest expense | $ | 75.8 | $ | 84.2 | $ | 92.9 | $ | 112.5 | $ | 121.0 | |||||||||
Amortization of capitalized expenses related to debt | 2.9 | 5.3 | 4.1 | 3.8 | 3.9 | ||||||||||||||
Preferred stock dividend (pre-tax equivalent) | — | — | — | — | 0.3 | ||||||||||||||
Interest component of rent expense | 5.3 | 6.4 | 11.1 | 11.3 | 11.8 | ||||||||||||||
TOTAL FIXED CHARGES, AS DEFINED | $ | 84.0 | $ | 95.9 | $ | 108.1 | $ | 127.6 | $ | 137.0 | |||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 0.5 | — | (0.4 | ) | (4.0 | ) | 1.2 |