Lexmark International Inc/KY, et al. – ‘S-3’ on 4/21/98 – EX-12.1

As of:  Tuesday, 4/21/98   ·   Accession #:  1047469-98-15914   ·   File #s:  333-50609, -01

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Registration Statement for Securities Offered Pursuant to a Transaction   —   Form S-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-3         Registration Statement for Securities Offered         32    165K 
                          Pursuant to a Transaction                              
 2: EX-3.3      Certificate of Incorporation                           9     20K 
 3: EX-3.4      Bylaws                                                44    103K 
 4: EX-12.1     Computation of Ratio of Earnings                       1      7K 
 5: EX-23.1     Consent (Coopers & Lybrand)                            1      7K 

EX-12.1   —   Computation of Ratio of Earnings

EX-12.1
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                                                            Exhibit 12.1

Lexmark International Group, Inc.     
Computation of Ratio of Earnings to Fixed Charges     
(Millions of Dollars)       

                                                                [Download Table]


                                               Year Ended December 31,       
                                        ------------------------------------ 
                                                                             
                                         1997    1996    1995    1994   1993 
                                        -----   -----   -----   -----   ---- 
Earnings:                                                                    
  Net earnings.......................   149.0   127.8    32.4    44.6   (9.4)
  Extraordinary loss.................    14.0     --     15.7     --     --  
  Provision for income taxes.........    91.7    73.8    15.2     6.1    3.0 
  Fixed charges less interest                                                
    capitalized......................    35.2    43.2    55.1    81.5   94.3 
                                        -----   -----   -----   -----   ---- 
    Total............................   289.9   244.8   118.4   132.2   87.9 
                                        -----   -----   -----   -----   ---- 
                                        -----   -----   -----   -----   ---- 

Fixed Charges:                                                               
  Interest expense (gross of                                                 
    interest income).................    13.0    22.8    37.4    53.6   68.8 
  Amortization of deferred financing                                         
    expense..........................     0.6     1.6     2.2    10.8    9.6 
  Interest capitalized...............     0.5     1.2     --      --     --  
  Gross rental expense...............    21.6    18.8    15.5    17.1   15.9 
                                        -----   -----   -----   -----   ---- 
    Total............................    35.7    44.4    55.1    81.5   94.3 
                                        -----   -----   -----   -----   ---- 
                                        -----   -----   -----   -----   ---- 

Ratio of Earnings to Fixed Charges...     8.1     5.5     2.1     1.6    0.9 
                                        -----   -----   -----   -----   ---- 
                                        -----   -----   -----   -----   ----