EX-12 3 aoi-20140331xex12.htm EXHIBIT AOI-2014.03.31-EX12


Exhibit 12

Alliance One International, Inc. and Subsidiaries

RATIO OF EARNINGS TO FIXED CHARGES

 
Years Ended March 31,
(in thousands)
2014
2013
2012
2011
2010
 

 
 
 
 
Pretax income from continuing operations
$
(48,120
)
$
51,067

$
54,158

$
32,849

$
74,192

 

 
 
 
 
Distributed income of equity investees
843

998

1,480

—

430

 

 
 
 
 
Fixed charges
124,491

121,770

113,852

107,975

118,602

 

 
 
 
 
Earnings
77,214

173,835

169,490

140,824

193,224

 

 
 
 
 
Interest
114,053

111,064

103,500

98,561

109,410

 

 
 
 
 
Amortization of charges and other
10,438

10,706

10,352

9,414

9,193

 

 
 
 
 
Fixed Charges
124,491

121,770

113,852

107,975

118,603

 

 
 
 
 
Ratio of Earnings to Fixed Charges
n/a

1.43

1.49

1.30

1.63

 

 
 
 
 
Coverage Deficiency
47,277

n/a

n/a

n/a

n/a