EX-12.1 9 d598726dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

ESTERLINE TECHNOLOGIES CORPORATION

(In thousands)

Statement of Computation of Ratio of Earnings to Fixed Charges

 

     2013      2012      2011      2010      2009  

 

Earnings from continuing operations before income taxes

   

 

$

 

197,849

 

  

   

 

$

 

143,533

 

  

   

 

$

 

158,482

 

  

   

 

$

 

154,749

 

  

   

 

$

 

118,334

 

  

 

Fixed charges 1

               

Interest expense

      39,667         46,238         40,216         33,181         28,689   

Interest included in
rental expense

      6,060         5,958         5,166         4,611         5,299   

 

  

 

Total Fixed Charges

   

 

$

 

45,727

 

  

   

 

$

 

52,196

 

  

   

 

$

 

45,382

 

  

   

 

$

 

37,792

 

  

   

 

$

 

33,988

 

  

 

  

 

Earnings 2

   

 

$

 

    243,576

 

  

   

 

$

 

    195,729

 

  

   

 

$

 

    203,864

 

  

   

 

$

 

    192,541

 

  

   

 

$

 

    152,322

 

  

 

  

 

Ratio of earnings available to
cover fixed charges

   

 

 

 

5.3

 

  

   

 

 

 

3.7

 

  

   

 

 

 

4.5

 

  

   

 

 

 

5.1

 

  

   

 

 

 

4.5

 

  

 

1  Fixed charges consist of interest on indebtedness and amortization of debt issuance cost plus that portion of lease rental expense representative of the interest factor.

 

2  Earnings consist of earnings from continuing operations before income taxes plus fixed charges.