EX-12.1 2 hrg-930201610xkex121.htm EXHIBIT 12.1
Exhibit 12.1
HRG GROUP, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges

| Year ended September 30,
(in millions, except ratios) | 2016 |  | 2015 |  | 2014 |  | 2013 |  | 2012
Income (loss) from continuing operations before income taxes | $ | 231.9 |  |  | $ | (307.1 | ) |  | $ | 104.0 |  |  | $ | (324.3 | ) |  | $ | (135.1 | )
Add back fixed charges |  |  |  |  |  |  |  |  |
Interest expense | 397.1 |  |  | 401.6 |  |  | 298.8 |  |  | 504.7 |  |  | 250.4 |
Estimated interest within rental expense | 16.6 |  |  | 13.6 |  |  | 14.9 |  |  | 16.5 |  |  | 11.5 |
Total fixed charges | $ | 413.7 |  |  | $ | 415.2 |  |  | $ | 313.7 |  |  | $ | 521.2 |  |  | $ | 261.9 |
Earnings before fixed charges | 645.6 |  |  | 108.1 |  |  | 417.7 |  |  | 196.9 |  |  | 126.8 |
Fixed charges as above | 413.7 |  |  | 415.2 |  |  | 313.7 |  |  | 521.2 |  |  | 261.9 |
Ratio of earnings to fixed charges | 1.6 |  | (a) |  | 1.3 |  | (a) |  | (a)
Deficiency of loss to fixed charges (a) |  |  | $ | (307.1 | ) |  |  |  | $ | (324.3 | ) |  | $ | (135.1 | )
(a) Due to losses for the years ended September 30, 2015, 2013 and 2012 the coverage ratio was less than 1:1. We would have needed to generate additional earnings of $307.1, 324.3 and 135.1, in the respective periods in order to achieve a ratio of 1:1.