EX-12 6 exhibit_12.htm EXHIBIT 12

Exhibit 12

Moog Inc.

Ratio of Earnings to Fixed Charges

($ in thousands of U.S. dollars)

 

Nine

Nine

Months

Months

Ended

Ended

June 30,

June 30,

Fiscal

Fiscal

Fiscal

Fiscal

Fiscal

2003

2002

2002

2001

2000

1999

1998

Earnings:

Earnings before income taxes

$    42,544

$    38,184

$    52,990

$    42,013

$    38,615

$    36,728

$    29,873

Fixed charges included in earnings

18,301

24,055

31,802

37,817

38,268

32,804

23,832

Earnings

$  60,845

$   62,239

$    84,792

$    79,830

$    76,883

$    69,532

$    53,705

Fixed charges:
Interest expense

$    14,302

$    19,980

$    26,242

$    32,054

$    33,271

$    28,188

$    20,148

Amortization of debt issuance costs

791

785

1,174

1,177

1,293

1,413

1,226

Interest component of rent expense

3,202

3,284

4,378

4,578

3,696

3,195

2,449

Preferred stock dividends

6

6

8

8

8

8

9

Fixed Charges

$    18,301

$    24,055

$    31,802

$    37,817

$    38,268

$    32,804

$    23,832

Ratio of Earnings to Fixed Charges

3.3

2.6

2.7

2.1

2.0

2.1

2.3