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Previous: CHAMPION HOME BUILDERS CO, S-3, 2000-08-21 |
Next: CHAMPION HOME BUILDERS CO, S-3, EX-23, 2000-08-21 |
<TABLE>
<CAPTION>
Exhibit 12.1
CHAMPION ENTERPRISES, INC.
Ratio of Income to Fixed Charges
26 weeks
1994 1995 1996 1997 1998 1999 2Q 00 YTD
---- ---- ---- ---- ---- ---- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
Pre tax income from cont ops 66,908 91,975 91,925 117,371 156,798 82,042 7,523
Add back equity method losses 57 504
------------------------------------------------------------------------
Adjusted pre tax income 66,908 91,975 91,925 117,371 156,798 82,099 8,027
------------------------------------------------------------------------
Interest expense
Per f/s 1,285 2,668 2,174 1,198 15,833 28,370 14,961
Rental component 800 967 1,100 100 2,100 3,742 2,049
Financing costs 832 1,305 841
------------------------------------------------------------------------
Total fixed charges 2,085 3,635 3,274 1,298 18,765 33,417 17,851
------------------------------------------------------------------------
Adjusted income plus fixed charges 68,993 95,610 95,199 118,669 175,563 115,459 25,374
========================================================================
Ratio 33.1 26.3 29.1 91.4 9.4 3.5 1.4
========================================================================
Rental expense
Redman per f/s 2,100 2,600 3,000 - -
CEI corp & regional offices 300 300 300 300 400 626 347
Retail - - - - 5,900 10,600 5,800
------------------------------------------------------------------------
Total rent expense 2,400 2,900 3,300 300 6,300 11,226 6,147
========================================================================
Interest component at 1/3 800 967 1,100 100 2,100 3,742 2,049
========================================================================
<CAPTION>
CHAMPION ENTERPRISES, INC.
Ratio of Income to Fixed Charges
26 weeks
1994 1995 1996 1997 1998 1999 2Q 00 YTD
---- ---- ---- ---- ---- ---- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
1994 interest
Per f/s 1389
Less CMC -104
---------
Continuing ops 1285
=========
Debt costs
Revolver amortization, LOC
fees, facility fee, agent
fee, amendment costs 832 1,142 692
Senior notes amortization 134 105
IRBs amortization 29 44
----------------------------
832 1,305 841
============================
</TABLE>
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