EX-12.1 4 hrg-930201710xkex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
HRG GROUP, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
 
Year ended September 30,
(in millions, except ratios)
2017
 
2016
 
2015
 
2014
 
2013
Income (loss) from continuing operations before income taxes
$
151.2

 
$
175.8

 
$
(180.1
)
 
$
23.0

 
$
(340.7
)
Add back fixed charges
 
 
 
 
 
 
 
 
 
Interest expense
384.5

 
424.5

 
431.4

 
329.9

 
516.9

Estimated interest within rental expense
14.8

 
17.3

 
14.3

 
15.5

 
17.1

Total fixed charges
$
399.3

 
$
441.8

 
$
445.7

 
$
345.4

 
$
534.0

Earnings before fixed charges
550.5

 
617.6

 
265.6

 
368.4

 
193.3

 
 
 
 
 
 
 
 
 
 
Fixed charges as above
399.3

 
441.8

 
445.7

 
345.4

 
534.0

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
1.4
 
1.4
 
(a)
 
1.1
 
(a)
 
 
 
 
 
 
 
 
 
 
Deficiency of loss to fixed charges (a)
 
 
 
 
$
(180.1
)
 
 
 
$
(340.7
)
 
 
 
 
 
 
 
 
 
 
(a) Due to losses for the years ended September 30, 2015 and 2013 the coverage ratio was less than 1:1. We would have needed to generate additional earnings of $180.1 and $340.7, in the respective periods in order to achieve a ratio of 1:1.