EX-12.1 4 a2195142zex-12_1.htm EXHIBIT 12.1

Exhibit 12.1

 

Amphenol Corporation

 Computation of Ratio of Earnings to Fixed Charges

 

 

 

For the nine months ended

September 30,

 

For the fiscal years ended

December 31,

 

 

 

2009

 

2008

 

2008

 

2007

 

2006

 

2005

 

2004

 

 

 

($ in thousands)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes and net income attributable to noncontrolling interests

 

$

315,377

 

$

452,469

 

$

582,154

 

$

500,984

 

$

373,272

 

$

307,968

 

$

247,441

 

Fixed charges

 

33,090

 

35,537

 

47,562

 

45,184

 

46,535

 

30,445

 

28,369

 

Total Earnings (1)

 

$

348,467

 

$

488,006

 

$

629,716

 

$

546,168

 

$

419,807

 

$

338,413

 

$

275,810

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

27,090

 

$

29,586

 

$

39,627

 

$

36,876

 

$

38,799

 

$

24,090

 

$

22,540

 

Interest component of rent expense

 

6,000

 

5,951

 

7,935

 

8,308

 

7,736

 

6,355

 

5,829

 

Total Fixed Charges (2)

 

$

33,090

 

$

35,537

 

$

47,562

 

$

45,184

 

$

46,535

 

$

30,445

 

$

28,369

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

10.5

 

13.7

 

13.2

 

12.1

 

9.0

 

11.1

 

9.7

 

 

(1) Earnings for the nine months ended September 30, 2009 and 2008 consist of income before income taxes plus fixed charges, less net income attributable to the noncontrolling interests in less than wholly-owned subsidiaries.  For the years ended December 31, 2004 through 2008, earnings consist of income before income taxes plus fixed charges (income before income taxes for these periods include the adjustment for noncontrolling interests as those financial statements have not yet been retroactively restated in accordance with the standards of the Consolidations Topic of the FASB Accounting Standards Codification).  Income for the year ended December 31, 2005 includes $2,398 of expense related to the early extinguishment of debt.

 

(2) Fixed charges consist of interest expense including amortization of deferred debt issuance costs and one third of rental expenses on operating leases, representing that portion of rent expense which management believes is representative of the interest component of rent expense.  Program fees on the sales of accounts receivable are not included, as they do not meet the definition of fixed charges per Item 601 of Regulation S-K.