Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - UNISYS CORP | d10q.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - UNISYS CORP | dex311.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - UNISYS CORP | dex312.htm |
| EX-32.1 - SECTION 906 CEO CERTIFICATION - UNISYS CORP | dex321.htm |
| EX-32.2 - SECTION 906 CFO CERTIFICATION - UNISYS CORP | dex322.htm |
| EXCEL - IDEA: XBRL DOCUMENT - UNISYS CORP | Financial_Report.xls |
Exhibit 12
UNISYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
($ in millions)
| Six Ended June 30, |
Years Ended December 31 | |||||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
| Fixed charges |
||||||||||||||||||||||||
| Interest expense |
$ | 51.8 | $ | 95.2 | $ | 85.1 | $ | 76.3 | $ | 77.2 | $ | 64.7 | ||||||||||||
| Interest capitalized during the period |
4.4 | 7.5 | 9.0 | 9.1 | 9.9 | 15.0 | ||||||||||||||||||
| Amortization of debt issuance expenses |
1.3 | 3.3 | 4.1 | 3.8 | 3.8 | 3.4 | ||||||||||||||||||
| Portion of rental expense representative of interest |
18.4 | 36.8 | 49.5 | 54.9 | 55.7 | 59.7 | ||||||||||||||||||
| Total Fixed Charges |
75.9 | 142.8 | 147.7 | 144.1 | 146.6 | 142.8 | ||||||||||||||||||
| Earnings |
||||||||||||||||||||||||
| Income (loss) from continuing operations before income taxes |
69.4 | 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 |
4.6 | 11.6 | 16.1 | 14.5 | 13.7 | 12.9 | ||||||||||||||||||
| Subtotal |
74.0 | 226.6 | (72.1 | ) | 27.7 | (211.5 | ) | (185.4 | ) | |||||||||||||||
| Fixed charges per above |
75.9 | 142.8 | 147.7 | 144.1 | 146.6 | 142.8 | ||||||||||||||||||
| Less interest capitalized during the period |
(4.4 | ) | (7.5 | ) | (9.0 | ) | (9.1 | ) | (9.9 | ) | (15.0 | ) | ||||||||||||
| Total earnings (loss) |
$ | 145.5 | $ | 361.9 | $ | 66.6 | $ | 162.7 | $ | (74.8 | ) | $ | (57.6 | ) | ||||||||||
| Ratio of earnings to fixed charges |
1.92 | 2.53 | * | 1.13 | * | * | ||||||||||||||||||
| * | Earnings for the years ended December 31, 2008, 2006 and 2005 were inadequate to cover fixed charges by $81.1 million, $221.4 million and $200.4 million, respectively. |