EX-12.1 3 l92677aex12-1.txt EX-12.1 RATIO OF COMBINED FIXED CHARGES Exhibit 12.1 ALLEN TELECOM INC. RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Nine Months Ended 9/30/01 ------------------------- 1996 1997 1998 1999 2000 Actual As Adjusted ------- ------- ------- ------- ------- ------- ----------- (in thousands, except ratio amounts) Pretax income (loss) from continuing operations $46,526 $46,713 $(8,554) $(5,412) $18,374 $ 2,847 Add: Fixed charges 5,260 6,398 10,083 11,458 12,962 9,868 Less: Interest capitalized -- (220) (286) -- -- -- Preference security dividends -- -- -- -- -- -- ------- ------- ------- ------- ------- ------- ----------- Adjusted Earnings $51,786 $52,891 $ 1,243 $ 6,046 $31,336 $12,715 ------- ------- ------- ------- ------- ------- ----------- Fixed Charges: -------------- Interest expensed $ 3,773 $ 4,505 $ 8,276 $ 9,632 $11,022 $ 8,208 Interest capitalized -- 220 286 -- -- -- Amortized expenses related to debt 187 140 221 359 293 245 Interest with rental expense 1,300 1,533 1,300 1,467 1,647 1,415 Preference security dividends -- -- -- -- -- -- ------- ------- ------- ------- ------- ------- ----------- Total Fixed Charges $ 5,260 $ 6,398 $10,083 $11,458 $12,962 $ 9,868 ------- ------- ------- ------- ------- ------- ----------- Ratio of earnings to combined fixed charges 9.8x 8.3x * * 2.4x 1.3x and preferred stock dividends
* For the years ended December 31, 1998 and 1999, earnings were not sufficient to cover combined fixed charges and preferred stock dividends. Additional earnings of approximately $8,840 and $5,412 for the years ended December 31, 1998 and 1999, respectively, would have been required to achieve a ratio of 1.0.