Attached files
Exhibit 12
UNISYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
($ in millions)
Three
Months
Ended Years Ended December 31
Mar. 31, ----------------------------------
2010 2009 2008 2007 2006 2005
-------- ---- ---- ---- ---- ----
Fixed charges
Interest expense $ 26.5 $ 95.2 $ 85.1 $ 76.3 $ 77.2 $ 64.7
Interest capitalized during
the period 2.1 7.5 9.0 9.1 9.9 15.0
Amortization of debt issuance
expenses .7 3.3 4.1 3.8 3.8 3.4
Portion of rental expense
representative of interest 9.2 36.8 49.5 54.9 55.7 59.7
------ ------ ------ ------ ------ -----
Total Fixed Charges 38.5 142.8 147.7 144.1 146.6 142.8
------ ------ ------ ------ ------ -----
Earnings
Income (loss) from continuing
operations before income taxes (4.4) 215.0 (88.2) 13.2 (229.7)(191.1)
Add (deduct) the following:
Share of loss (income) of
associated companies - - - - 4.5 (7.2)
Amortization of capitalized
interest 2.4 11.6 16.1 14.5 13.7 12.9
----- ------ ------ ------ ------ -----
Subtotal (2.0) 226.6 (72.1) 27.7 (211.5)(185.4)
----- ------ ------ ------ ------ -----
Fixed charges per above 38.5 142.8 147.7 144.1 146.6 142.8
Less interest capitalized during
the period (2.1) (7.5) (9.0) (9.1) (9.9) (15.0)
----- ------ ------ ------ ------ ------
Total earnings (loss) $34.4 $361.9 $ 66.6 $162.7 $(74.8)$(57.6)
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Ratio of earnings to fixed
charges * 2.53 * 1.13 * *
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* Earnings for the three months ended March 31, 2010 and the years ended
December 31, 2008, 2006 and 2005 were inadequate to cover fixed charges by $4.1
million, $81.1 million, $221.4 million and $200.4 million, respectively.