EX-12.1 3 a2231387zex-12_1.htm EX-12.1

Exhibit 12.1

 

Amphenol Corporation
Computation of Ratio of Earnings to Fixed Charges

(dollars in millions, except ratios)

 

 

 

For the fiscal years ended
December 31,

 

 

 

2016

 

2015

 

2014

 

2013

 

2012

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes and net income attributable to noncontrolling interests

 

$

1,131.4

 

$

1,044.0

 

$

966.4

 

$

843.6

 

$

774.6

 

Fixed charges

 

89.3

 

81.8

 

93.2

 

75.2

 

69.5

 

Total Earnings(1)

 

$

1,220.7

 

$

1,125.8

 

$

1,059.6

 

$

918.8

 

$

844.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

72.6

 

$

68.3

 

$

80.4

 

$

63.6

 

$

59.6

 

Interest component of rent expense

 

16.7

 

13.5

 

12.8

 

11.6

 

9.9

 

Total Fixed Charges(2)

 

$

89.3

 

$

81.8

 

$

93.2

 

$

75.2

 

$

69.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

13.7

 

13.8

 

11.4

 

12.2

 

12.1

 

 

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

 

(2)              Fixed charges for all periods presented consist of interest expense including amortization of deferred debt issuance costs and approximately 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.