EX-12.1 3 a2217851zex-12_1.htm EX-12.1

Exhibit 12.1

 

Amphenol Corporation
Computation of Ratio of Earnings to Fixed Charges

 

 

 

For the nine months
ended
September 30,

 

For the fiscal years ended
December 31,

 

 

 

2013

 

2012

 

2012

 

2011

 

2010

 

2009

 

2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes and net income attributable to noncontrolling interests

 

$

615,693

 

$

567,582

 

$

774,650

 

$

712,101

 

$

657,680

 

$

437,144

 

$

582,154

 

Fixed charges

 

55,360

 

51,204

 

69,513

 

55,259

 

51,301

 

45,620

 

47,562

 

Total Earnings(1)

 

$

671,053

 

$

618,786

 

$

844,163

 

$

765,360

 

$

708,981

 

$

482,764

 

$

629,716

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

47,126

 

$

44,014

 

$

59,613

 

$

43,029

 

$

40,741

 

$

36,586

 

$

39,627

 

Interest component of rent expense

 

8,234

 

7,190

 

9,900

 

10,230

 

10,560

 

9,034

 

7,935

 

Total Fixed Charges(2)

 

$

55,360

 

$

51,204

 

$

69,513

 

$

53,259

 

$

51,301

 

$

45,620

 

$

47,562

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

12.1

 

12.1

 

12.1

 

14.4

 

13.8

 

10.6

 

13.2

 

 


(1)         For purposes of determining the ratio of earnings to fixed charges for all period presented, earnings consist of income before income taxes plus fixed charges, less net income attributable to the noncontrolling interests in less than wholly-owned subsidiaries.

(2)         Fixed charges for all periods consist of interest expense including amortization of deferred debt issuance costs and one third of rental expenses on operating leases, representing that portion of rent expense which management believes is representative of the interest component of rent expense.