EX-12.1 4 d684223dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

HARBINGER GROUP INC. AND SUBSIDIARIES

Ratio of Earnings to Fixed Charges

		Predecessor				Successor
		Period from October 1, 2008 through				Period from August 31, 2009 through				Year ended September 30,																Three month period ended
		August 30, 2009				September 30, 2009				2010				2011				2012				2013				December 31, 2013
Income (loss) from continuing operations before income taxes		$	1,123.4			$	(20.0	)		$	(132.3	)		$	57.9			$	25.4			$	118.3			$	36.7
Add back fixed charges
Interest expense			172.9				17.0				277.0				249.3				251.0				511.9				84.0
Estimated interest within rental expense			7.4				0.8				10.1				13.9				12.3				17.1				3.4
Total fixed charges		$	180.3			$	17.8			$	287.1			$	263.2			$	263.3			$	529.0			$	87.4
Earnings (loss) before fixed charges			1,303.7				(2.2	)			154.8				321.1				288.7				647.3				124.1
Fixed charges as above			180.3				17.8				287.1				263.2				263.3				529.0				87.4
Ratio of earnings to fixed charges			7.2					(a)				(a)			1.2				1.1				1.2				1.4
Deficiency of (loss) earnings to fixed charges (a)						$	(20.0	)		$	(132.3	)

(a) Due to losses for the period ended August 31, 2009 to September 30, 2009 and for the year ended September 30, 2010, the coverage ratio was less than 1:1. We would have needed to generate additional earnings of $20.0 and $132.3, respectively, in each of these periods in order to achieve a ratio of 1:1.