L-3 PREDECESSOR COMPANY -------------------------------------------------------- ---------------------------- NINE MONTHS THREE MONTHS YEAR ENDED ENDED ENDED YEAR ENDED DECEMBER 31, DECEMBER 31, MARCH 31, DECEMBER 31, 2000 1999 1998 1997 1997 1996...
L-3 PREDECESSOR COMPANY
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NINE MONTHS THREE MONTHS YEAR
ENDED ENDED ENDED
YEAR ENDED DECEMBER 31, DECEMBER 31, MARCH 31, DECEMBER 31,
2000 1999 1998 1997 1997 1996
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Earnings:
Income before income taxes $ 134,079 $ 95,430 $ 53,450 $ 22,992 $ (505) $ 19,494
Add:
Interest expense 87,308 56,686 47,015 29,884 8,441 24,197
Amortization of debt expense 5,724 3,904 2,564 1,517 - -
Interest component of rent expense 11,882 7,500 - 3,213 851 2,832
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Earnings $ 238,993 $ 163,520 $ 103,029 $ 57,606 $ 8,787 $ 46,523
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Fixed charges:
Interest expense 87,308 56,686 47,015 29,884 8,441 24,197
Amortization of debt expense 5,724 3,904 2,564 1,517 - -
Interest component of rent expense 11,882 7,500 - 3,213 851 2,832
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Fixed charges $ 104,914 $ 68,090 $ 49,579 $ 34,614 $ 9,292 $ 27,029
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Ratio of earnings to fixed charges 2.3x 2.4x 2.1x 1.7x n.a.(a) 1.7x
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(a) For the three months ended March 31, 1997, earnings were insufficient to
cover fixed charges by $.5 million.