EX-12.1 3 c64377exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Brightpoint, Inc.
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
(in thousands, except ratios)
                                                 
    Three months        
    ended        
    March 31,     Year Ended December 31,  
    2011     2010     2009     2008     2007     2006  
    ($ in millions)  
Earnings
                                                
Income(loss) from continuing operations before income taxes
   $ 10,566     $ 51,842     $ 35,391     $ (302,035 )   $ 46,322     $ 49,105  
Net loss attributable to non-controlling interest
     —       —       —       — (3)     — (3)     —  
 
                                    
 
                                                
Income (loss) from continuing operations before income taxes and loss attributable to non-controlling interest
     10,566       51,842       35,391       (302,035 )     46,322       49,105  
Fixed charges
     4,652       13,032       14,566       33,735       55,525       10,159  
 
                                    
 
                                                
Earnings available for fixed charges
   $ 15,218       64,874       49,957       (268,300 )     101,847       59,264  
Fixed charges
                                                
Interest and issuance expense on debt
   $ 3,416       9,256       10,228       27,347       50,446       6,513  
Portion of rentals representative of the interest factor
     1,236       3,776       4,338       6,388       5,079       3,646  
 
                                    
 
                                                
Total fixed charges
     4,652       13,032       14,566       33,735       55,525       10,159  
Preferred dividend requirements
     —       —       —       —       —       —  
 
                                    
 
                                                
Total fixed charges and preferred dividend requirements
   $ 4,652       13,032       14,566       33,735       55,525     $ 10,159  
Ratio of earnings to combined fixed charges and preferred dividends (2)
     3.27       4.98       3.43       — (1)     1.83       5.83  
 
                                    
 
(1)   The ratio indicates a less than one-to-one coverage for the year ended December 31, 2008. Earnings available for fixed charges and preferred dividend for the year ended December 31, 2008 was inadequate to cover total fixed charges and preferred dividend. The deficit amount for the ratio was $302.0 million.
 
(2)   We have authority to issue up to 1,000,000 shares of preferred stock, par value $0.01 per share; however as of the dates for which information is presented in the above table no shares were outstanding and we did not have a preferred stock dividend obligation.
 
(3)   No adjustment has been made with respect to non-controlling interest, as the respective subsidiary had earnings and fixed charges in each applicable period.