EX-12 2 y03346a1exv12.htm EX-12 exv12
Exhibit 12
 
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
Revlon Consumer Production Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
 
                                                                 
                                  Pro Forma
 		             
                                  Year Ended
 		    Three Months Ended
 		 
    Year Ended December 31,     December 31,
 		    March 31,  
    2005     2006     2007     2008     2009     2009     2009     2010  
    (Dollars in millions)  
 
(Loss) income from continuing operations before income taxes
  $ (71.4 )   $ (225.4 )   $ (4.5 )   $ 36.9     $ 66.6     $ 74.6     $ 12.4     $ 9.2  
Interest expense
    129.5       147.7       135.6       119.7       93.0       91.1       24.1       22.9  
Amortization of debt issuance costs
    6.9       7.5       3.3       5.6       5.5       5.2       1.4       1.4  
Portion of rental expense deemed to represent interest
    5.7       6.4       6.0       5.0       5.5       5.5       1.4       1.4  
                                                                 
Earnings (loss) before fixed charges
  $ 70.7     $ (63.8 )   $ 140.4     $ 167.2     $ 170.6     $ 176.4     $ 39.3     $ 34.9  
                                                                 
Interest expense
  $ 129.5     $ 147.7     $ 135.6     $ 119.7     $ 93.0     $ 91.1     $ 24.1     $ 22.9  
Amortization of debt issuance costs
    6.9       7.5       3.3       5.6       5.5       5.2       1.4       1.4  
Portion of rental expense deemed to represent interest
    5.7       6.4       6.0       5.0       5.5       5.5       1.4       1.4  
                                                                 
Fixed charges
  $ 142.1     $ 161.6     $ 144.9     $ 130.3     $ 104.0     $ 101.8     $ 26.9     $ 25.7  
                                                                 
Ratio of earnings to fixed charges
    0.5 x     *       1.0 x     1.3 x     1.6 x     1.7 x     1.5 x     1.4 x
 
 
* For the year ended December 31, 2006, earnings were insufficient to cover fixed charges, therefore the ratio of earnings to fixed charges is not a relevant measure for this period.

 

Revlon, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
 
                                                         
          Three Months Ended
 		 
    Year Ended December 31,     March 31,  
    2005     2006     2007     2008     2009     2009     2010  
    (Dollars in millions)  
 
(Loss) income from continuing operations before income taxes
  $ (77.1 )   $ (232.0 )   $ (11.5 )   $ 29.2     $ 56.8     $ 10.7     $ 7.2  
Interest expense
    129.5       147.7       135.6       119.7       93.0       24.1       21.3  
Interest expense-preferred
stock dividend
    —       —       —       —       —       —       1.6  
Amortization of debt issuance costs
    6.9       7.5       3.3       5.6       5.8       1.4       1.7  
Portion of rental expense deemed to represent interest
    5.7       6.4       6.0       5.0       5.5       1.4       1.4  
                                                         
Earnings (loss) before fixed charges
  $ 65.0     $ (70.4 )   $ 133.4     $ 159.5     $ 161.1     $ 37.6     $ 33.2  
                                                         
Interest expense
  $ 129.5     $ 147.7     $ 135.6     $ 119.7     $ 93.0     $ 24.1       21.3  
Interest expense-preferred
stock dividend
    —       —       —       —       —       —       1.6  
Amortization of debt issuance costs
    6.9       7.5       3.3       5.6       5.8       1.4       1.7  
Portion of rental expense deemed to represent interest
    5.7       6.4       6.0       5.0       5.5       1.4       1.4  
                                                         
Fixed charges
  $ 142.1     $ 161.6     $ 144.9     $ 130.3     $ 104.3     $ 26.9     $ 26.0  
                                                         
Ratio of earnings to fixed charges
    0.5 x     *       0.9 x     1.2 x     1.5 x     1.4       1.3  
 
 
* For the year ended December 31, 2006, earnings were insufficient to cover fixed charges, therefore the ratio of earnings to fixed charges is not a relevant measure for this period.