Exhibit 12.1
REV HOLDINGS INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
<TABLE>
<CAPTION>
Nine Months Ended
September 30, Year Ended December 31,
-------------------- -------------------------------------------------------
2000 1999 1999 1998 1997 1996 1995
--------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
(Loss) income from continuing
operations before
income taxes................ $(128.7) $(249.6) $(433.4) $ (88.5) $ (20.8) $ 126.7 $(110.9)
Interest expense............. 164.2 158.4 215.4 206.6 232.9 240.1 237.5
Amortization of debt
issuance costs.............. 7.2 6.0 7.9 9.0 11.6 12.5 15.2
Portion of rental
expense deemed to
represent interest.......... 10.6 10.6 14.1 14.4 15.2 15.4 14.7
--------- --------- --------- --------- --------- --------- ---------
Earnings (loss)
before fixed charges........ $ 53.3 $(74.6) $(196.0) $ 141.5 $ 238.9 $ 394.7 $ 156.5
========= ========= ========= ========= ========= ========= =========
Interest expense............. $ 164.2 $ 158.4 $ 215.4 $ 206.6 $ 232.9 $ 240.1 $ 237.5
Amortization of
debt issuance costs......... 7.2 6.0 7.9 9.0 11.6 12.5 15.2
Portion of rental
expense deemed to
represent interest.......... 10.6 10.6 14.1 14.4 15.2 15.4 14.7
--------- --------- --------- --------- --------- --------- ---------
Fixed charges................ $ 182.0 $ 175.0 $ 237.4 $230.0 $ 259.7 $ 268.0 267.4
========= ========= ========= ========= ========= ========= =========
Ratio of earnings
to fixed charges............ - - - - - 1.5 -
========= ========= ========= ========= ========= ========= =========
Deficiency of earnings
to fixed charges............ $ 128.7 $ 249.6 $ 433.4 $ 88.5 $ 20.8 - $ 110.9
========= ========= ========= ========= ========= ========= =========
</TABLE>
