Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - UNISYS CORP | Financial_Report.xls |
| 10-Q - FORM 10-Q - UNISYS CORP | d10q.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - UNISYS CORP | dex312.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - UNISYS CORP | dex311.htm |
| EX-32.2 - SECTION 906 CFO CERTIFICATION - UNISYS CORP | dex322.htm |
| EX-32.1 - SECTION 906 CEO CERTIFICATION - UNISYS CORP | dex321.htm |
Exhibit 12
UNISYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
($ in millions)
| Nine Months Ended Sept. 30, 2010 |
Years Ended December 31 | |||||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||
| Fixed charges |
||||||||||||||||||||||||
| Interest expense |
$ | 76.8 | $ | 95.2 | $ | 85.1 | $ | 76.3 | $ | 77.2 | $ | 64.7 | ||||||||||||
| Interest capitalized during the period |
6.8 | 7.5 | 9.0 | 9.1 | 9.9 | 15.0 | ||||||||||||||||||
| Amortization of debt issuance expenses |
2.0 | 3.3 | 4.1 | 3.8 | 3.8 | 3.4 | ||||||||||||||||||
| Portion of rental expense representative of interest |
26.2 | 34.9 | 46.9 | 52.4 | 53.7 | 58.0 | ||||||||||||||||||
| Total Fixed Charges |
111.8 | 140.9 | 145.1 | 141.6 | 144.6 | 141.1 | ||||||||||||||||||
| Earnings |
||||||||||||||||||||||||
| Income (loss) from continuing operations before income taxes |
119.7 | 218.2 | (97.6 | ) | 14.8 | (228.9 | ) | (154.8 | ) | |||||||||||||||
| Add (deduct) the following: |
||||||||||||||||||||||||
| Share of loss (income) of associated companies |
— | — | — | — | 4.5 | (7.2 | ) | |||||||||||||||||
| Amortization of capitalized interest |
6.9 | 11.6 | 16.1 | 14.5 | 13.7 | 12.9 | ||||||||||||||||||
| Subtotal |
126.6 | 229.8 | (81.5 | ) | 29.3 | (210.7 | ) | (149.1 | ) | |||||||||||||||
| Fixed charges per above |
111.8 | 140.9 | 145.1 | 141.6 | 144.6 | 141.1 | ||||||||||||||||||
| Less interest capitalized during the period |
(6.8 | ) | (7.5 | ) | (9.0 | ) | (9.1 | ) | (9.9 | ) | (15.0 | ) | ||||||||||||
| Total earnings (loss) |
$ | 231.6 | $ | 363.2 | $ | 54.6 | $ | 161.8 | $ | (76.0 | ) | $ | (23.0 | ) | ||||||||||
| Ratio of earnings to fixed charges |
2.07 | 2.58 | * | 1.14 | * | * | ||||||||||||||||||
| * | Earnings for the years ended December 31, 2008, 2006 and 2005 were inadequate to cover fixed charges by $90.5 million, $220.6 million and $164.1 million, respectively. |