EX-12.1 4 exhibit121s-4.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) | 2011 |  | 2012 |  | 2013 |  | 2014 |  | 2015
Income (loss) from continuing operations before income taxes | $ | 57.9 |  |  | $ | 25.4 |  |  | $ | 118.3 |  |  | $ | 213.2 |  |  | $ | (440.8 | )
Add back fixed charges |  |  |  |  |  |  |  |  |
Interest expense | 249.3 |  |  | 251.0 |  |  | 511.9 |  |  | 321.9 |  |  | 429.7 |
Estimated interest within rental expense | 13.9 |  |  | 12.3 |  |  | 17.1 |  |  | 15.6 |  |  | 14.5 |
Total fixed charges | $ | 263.2 |  |  | $ | 263.3 |  |  | $ | 529.0 |  |  | $ | 337.5 |  |  | $ | 444.2 |
Earnings (loss) before fixed charges | 321.1 |  |  | 288.7 |  |  | 647.3 |  |  | 550.7 |  |  | 3.4 |
Fixed charges as above | 263.2 |  |  | 263.3 |  |  | 529.0 |  |  | 337.5 |  |  | 444.2 |
Ratio of earnings to fixed charges | 1.2 |  | 1.1 |  | 1.2 |  | 1.6 |  | (a)
Deficiency of (loss) earnings to fixed charges (a) |  |  |  |  |  |  |  |  | $ | (440.8 | )
(a) Due to losses for the year ended September 30, 2015, the coverage ratio was less than 1:1. We would have needed to generate additional earnings of $440.8 in the period in order to achieve a ratio of 1:1.