EX-12.1 4 hrg-930201710xkex121.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) | 2017 |  | 2016 |  | 2015 |  | 2014 |  | 2013
Income (loss) from continuing operations before income taxes | $ | 151.2 |  |  | $ | 175.8 |  |  | $ | (180.1 | ) |  | $ | 23.0 |  |  | $ | (340.7 | )
Add back fixed charges |  |  |  |  |  |  |  |  |
Interest expense | 384.5 |  |  | 424.5 |  |  | 431.4 |  |  | 329.9 |  |  | 516.9 |
Estimated interest within rental expense | 14.8 |  |  | 17.3 |  |  | 14.3 |  |  | 15.5 |  |  | 17.1 |
Total fixed charges | $ | 399.3 |  |  | $ | 441.8 |  |  | $ | 445.7 |  |  | $ | 345.4 |  |  | $ | 534.0 |
Earnings before fixed charges | 550.5 |  |  | 617.6 |  |  | 265.6 |  |  | 368.4 |  |  | 193.3 |
Fixed charges as above | 399.3 |  |  | 441.8 |  |  | 445.7 |  |  | 345.4 |  |  | 534.0 |
Ratio of earnings to fixed charges | 1.4 |  | 1.4 |  | (a) |  | 1.1 |  | (a)
Deficiency of loss to fixed charges (a) |  |  |  |  | $ | (180.1 | ) |  |  |  | $ | (340.7 | )
(a) Due to losses for the years ended September 30, 2015 and 2013 the coverage ratio was less than 1:1. We would have needed to generate additional earnings of $180.1 and $340.7, in the respective periods in order to achieve a ratio of 1:1.