UNISYS CORP - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 24, 2010

Attached files

file filename
10-K - FORM 10-K - UNISYS CORPd10k.htm
EX-31.1 - CERTIFICATION OF J. EDWARD COLEMAN - UNISYS CORPdex311.htm
EX-13 - PORTIONS OF THE COMPANY'S ANNUAL REPORT TO STOCKHOLDERS FOR THE YEAR ENDED - UNISYS CORPdex13.htm
EX-21 - SUBSIDIARIES OF THE COMPANY - UNISYS CORPdex21.htm
EX-24 - POWER OF ATTORNEY - UNISYS CORPdex24.htm
EX-31.2 - CERTIFICATION OF JANET BRUTSCHEA HAUGEN - UNISYS CORPdex312.htm
EX-23.2 - CONSENT OF ERNST & YOUNG LLP - UNISYS CORPdex232.htm
EX-23.1 - CONSENT OF KPMG LLP - UNISYS CORPdex231.htm
EX-32.1 - SECTION 906 CERTIFICATION OF J. EDWARD COLEMAN - UNISYS CORPdex321.htm
EX-32.2 - SECTION 906 CERTIFICATION OF JANET BRUTSCHEA HAUGEN - UNISYS CORPdex322.htm
EX-10.28 - UNISYS CORP SAVINGS PLAN, AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2010 - UNISYS CORPdex1028.htm

Exhibit 12

UNISYS CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)

($ in millions)

 

     Years Ended December 31  
     2009     2008     2007     2006     2005  

Fixed charges

           

Interest expense

    $ 95.2      $ 85.1      $ 76.3      $ 77.2      $ 64.7   

Interest capitalized during the period

      7.5        9.0        9.1        9.9        15.0   

Amortization of debt issuance expenses

      3.3        4.1        3.8        3.8        3.4   

Portion of rental expense representative of interest

      38.0        50.6        55.9        56.7        60.9   
                                        

Total Fixed Charges

      144.0        148.8        145.1        147.6        144.0   
                                        

Earnings

           

Income (loss) from continuing operations before income taxes (1)

      234.6        (64.5 )      29.4        (242.2 )      (203.1 ) 

Add (deduct) the following:

           

Share of loss (income) of associated companies

      —          —          —          4.5        (7.2 ) 

Amortization of capitalized interest

      11.6        16.1        14.5        13.7        12.9   
                                        

Subtotal

      246.2        (48.4 )      43.9        (224.0 )      (197.4 ) 
                                        

Fixed charges per above

      144.0        148.8        145.1        147.6        144.0   

Less interest capitalized during the period

      (7.5 )      (9.0 )      (9.1 )      (9.9 )      (15.0 ) 
                                        

Total earnings (loss)

    $ 382.7      $ 91.4      $ 179.9      $ (86.3 )    $ (68.4 ) 
                                        

Ratio of earnings to fixed charges

      2.66        *        1.24        *        *   
                                        

 

(1) Amounts for the years 2005-2008 have been reclassified to reflect the adoption of an accounting standard which changed the presentation and disclosure of noncontrolling interests in consolidated financial statements.
* Earnings for the years ended December 31, 2008, 2006 and 2005 were inadequate to cover fixed charges by $57.4 million, $233.9 million and $212.4 million, respectively.

UNISYS CORP Reports

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