Attached files
EXHIBIT 12
- COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AMERICAN AXLE
& MANUFACTURING HOLDINGS, INC.
Year
Ended December 31,
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2009
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2008
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2007
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2006
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2005
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(Unaudited)
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(in
millions, except for ratios)
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Fixed
Charges:
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Interest expense, including amortization of debt issuance costs | $ | 84.5 | $ | 70.4 | $ | 61.6 | $ | 39.0 | $ | 27.9 | |||||||||||
Other
fixed charges (b)
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10.9 | 13.3 | 13.0 | 16.1 | 16.0 | ||||||||||||||||
Total
fixed charges as defined
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$ | 95.4 | $ | 83.7 | $ | 74.6 | $ | 55.1 | $ | 43.9 | |||||||||||
Earnings
(Loss):
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Income (loss) from continuing operations before income tax expense (benefit) | $ | (297.1 | ) | $ | (1,121.3 | ) | $ | 17.6 | $ | (356.3 | ) | $ | 80.3 | ||||||||
Total
fixed charges as defined
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95.4 | 83.7 | 74.6 | 55.1 | 43.9 | ||||||||||||||||
Other
adjustments (c)
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(7.4 | ) | (5.9 | ) | (6.4 | ) | (7.2 | ) | (5.7 | ) | |||||||||||
Total
earnings (loss) as defined
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$ | (209.1 | ) | $ | (1,043.5 | ) | $ | 85.8 | $ | (308.4 | ) | $ | 118.5 | ||||||||
Ratio of earnings (loss) to
fixed charges
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(a)
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(a)
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1.15 |
(a)
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2.70 | ||||||||||||||||
(a)
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Earnings/(Loss)
for the year ended December 31, 2009, 2008 and 2006 were inadequate to
cover fixed charges by $304.5 million, $1,127.2 million and $363.5
million, respectively.
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(b)
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Includes
capitalized interest and estimated interest portion of
rents
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(c)
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Includes
fixed charges not deducted in the determination of income (loss) from
continuing operations before income tax expense, the amortization of
capitalized interest and earnings in equity of affiliates.
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