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EYE » Topics » RATIO OF EARNINGS TO FIXED CHARGES

This excerpt taken from the EYE 8-K filed May 30, 2007.

RATIO OF EARNINGS TO FIXED CHARGES

                                         
     

For the Year Ended December 31,

   Pro Forma         Pro Forma
        Twelve Months
Ended
Dec. 31, 2006		    Three Months
Ended
Mar. 30, 2007		    Three Months
Ended
Mar. 30, 2007
     2002    2003    2004    2005    2006         
     (in thousands)

Ratio of earnings to fixed charges(1)

    3.6x    1.6x    —      —      5.1x    1.7x    3.6x    —  
(1) For purposes of calculating the ratio, earnings consist of earnings before income taxes and before fixed charges. Fixed charges consist of interest expense and a portion of rental expense deemed a reasonable approximation of the interest factor. Earnings were insufficient to cover fixed charges for the years ended December 31, 2004 and 2005 and pro forma three months ended March 31, 2007, by $121.2 million, $440.3 million and $1.2 million, respectively.

 

Item 9.01 Financial Statements and Exhibits

As previously reported, on April 2, 2007, Advanced Medical Optics, Inc. (“AMO”) completed its acquisition of IntraLase Corp. (“IntraLase”). AMO is filing herein certain financial statements of IntraLase as well as additional pro forma financial information related to its acquisition of IntraLase referred to below. Please see AMO’s Current Report on Form 8-K/A filed on April 23, 2007 that included pro forma financial information as of and for the year ended December 31, 2006.

(a) Financial statements of the business acquired.

The following financial statements are set forth in Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein:

 

  •  

Unaudited condensed consolidated interim balance sheet of IntraLase Corp. as of March 31, 2007 and December 31, 2006; and

 

  •  

Unaudited condensed consolidated financial information of IntraLase Corp. for the three months ended March 31, 2007 and 2006.

(b) Pro forma financial information.

The following pro forma financial information is set forth in Exhibit 99.2 to this Current Report on Form 8-K and incorporated by reference herein:

 

  •  

Unaudited pro forma financial information as of March 30, 2007; and

 

  •  

Unaudited pro forma financial information for the three months ended March 30, 2007.

(d) The following materials are filed as exhibits hereto:

Exhibit 99.1 Unaudited Financial Statements of IntraLase

Exhibit 99.2 Pro Forma Condensed Combined Financial Information

 

This excerpt taken from the EYE 8-K filed Mar 21, 2007.

RATIO OF EARNINGS TO FIXED CHARGES

 

    

For the Year Ended December 31,

     2002    2003    2004    2005    2006
    

(in thousands)

Ratio of earnings to fixed charges(1)

    3.6x    1.6x    —      —      5.1x
(1) For purposes of calculating the ratio, earnings consist of earnings before income taxes and before fixed charges. Fixed charges consist of interest expense and a portion of rental expense deemed a reasonable approximation of the interest factor. Earnings were insufficient to cover fixed charges by $121.2 million and $440.3 million for the years ended December 31, 2004 and 2005, respectively.

 

Item 9.01 Financial Statements and Exhibits

 

99.1    Supplemental information concerning AMO and its acquisition by merger of IntraLase Corp.

 

EXCERPTS ON THIS PAGE:

8-K
May 30, 2007
8-K
Mar 21, 2007

RELATED TOPICS for EYE:

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