EX-12.1 2 a2139894zex-12_1.htm EXHIBIT 12.1

Exhibit 12.1

 

GENCORP

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

Year ended November 30,

 

Nine Months Ended Aug. 31

 

Pro Forma

 

 

 

1999

 

2000

 

2001

 

2002

 

2003

 

2004

 

Year ended November 30, 2003

 

Income from continuing operations before income taxes

 

63

 

77

 

250

 

19

 

11

 

(39)

 

13

 

Fixed charges

 

3

 

16

 

29

 

13

 

27

 

—

 

40

 

Earnings available for fixed charges

 

66

 

93

 

279

 

32

 

38

 

(39)

 

53

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of debt issuance costs

 

—

 

—

 

3

 

4

 

5

 

—

 

6

 

Interest Expense

 

3

 

16

 

26

 

9

 

22

 

—

 

34

 

Total Fixed Charges

 

3

 

16

 

29

 

13

 

27

 

—

 

40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

22.0

 

5.8

 

9.6

 

2.5

 

1.4

 

—

*

1.3

 

 

*                 For the nine months ended August 31, 2004, our earnings were insufficient to cover fixed charges by $39 million.