EX-12 2 aoi-20150331xkaxex12.htm EXHIBIT 12 SEC Exhibit


Exhibit 12

Alliance One International, Inc. and Subsidiaries

RATIO OF EARNINGS TO FIXED CHARGES (AS RESTATED)

 
Years Ended March 31,
(in thousands)
2015 As Restated
2014 As Restated
2013 As Restated
2012
2011
 

 
 
 
 
Pretax income from continuing operations
$
(8,265
)
$
(60,989
)
$
53,025

$
54,158

$
32,849

 

 
 
 
 
Distributed income of equity investees
—

843

998

1,480

—

 

 
 
 
 
Fixed charges
120,953

124,496

121,756

113,852

107,975

 

 
 
 
 
Earnings
(112,688
)
64,350

175,779

169,490

140,824

 

 
 
 
 
Interest
113,481

114,058

111,050

103,500

98,561

 

 
 
 
 
Amortization of charges and other
7,472

10,438

10,706

10,352

9,414

 

 
 
 
 
Fixed Charges
120,953

124,496

121,756

113,852

107,975

 

 
 
 
 
Ratio of Earnings to Fixed Charges
n/a

n/a

1.44

1.49

1.30

 

 
 
 
 
Coverage Deficiency
8,265

60,146

n/a

n/a

n/a