EX-12.1 5 w58210ex12-1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHAGES EXHIBIT 12.1 AMERIGAS PARTNERS, L.P. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (THOUSANDS OF DOLLARS)
Three Months Ended Year Ended September 30, December 31, 1997 1998 1999 2000 2001 2001 --------- --------- --------- --------- --------- --------- EARNINGS: Earnings before income taxes, minority interests and income from equity investee $ 44,715 $ 21,729 $ 26,061 $ 15,443 $ 53,394 $ 19,004 Interest expense 66,845 67,566 68,299 76,734 82,037 22,956 Amortization of debt discount and expense 1,553 1,616 1,656 1,772 2,049 650 Amortization of debt premium (2,740) (2,993) (3,370) (3,742) (3,690) (860) Interest component of rental expense 7,827 9,675 10,150 9,663 10,903 3,468 --------- --------- --------- --------- --------- --------- $ 118,200 $ 97,593 $ 102,796 $ 99,870 $ 144,693 $ 45,218 ========= ========= ========= ========= ========= ========= FIXED CHARGES: Interest expense $ 66,845 $ 67,566 $ 68,299 $ 76,734 $ 82,037 $ 22,956 Amortization of debt discount and expense 1,553 1,616 1,656 1,772 2,049 650 Amortization of debt premium (2,740) (2,993) (3,370) (3,742) (3,690) (860) Interest component of rental expense 7,827 9,675 10,150 9,663 10,903 3,468 --------- --------- --------- --------- --------- --------- $ 73,485 $ 75,864 $ 76,735 $ 84,427 $ 91,299 $ 26,214 ========= ========= ========= ========= ========= ========= Ratio of earnings to fixed charges 1.61 1.29 1.34 1.18 1.58 1.72 ========= ========= ========= ========= ========= =========