Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - UNISYS CORP | Financial_Report.xls |
| EX-24 - EX-24 - UNISYS CORP | d825749dex24.htm |
| EX-23 - EX-23 - UNISYS CORP | d825749dex23.htm |
| EX-31.1 - EX-31.1 - UNISYS CORP | d825749dex311.htm |
| EX-21 - EX-21 - UNISYS CORP | d825749dex21.htm |
| EX-13 - EX-13 - UNISYS CORP | d825749dex13.htm |
| EX-31.2 - EX-31.2 - UNISYS CORP | d825749dex312.htm |
| EX-32.1 - EX-32.1 - UNISYS CORP | d825749dex321.htm |
| EX-32.2 - EX-32.2 - UNISYS CORP | d825749dex322.htm |
| EX-10.25 - EX-10.25 - UNISYS CORP | d825749dex1025.htm |
| EX-10.10 - EX-10.10 - UNISYS CORP | d825749dex1010.htm |
| EX-10.12 - EX-10.12 - UNISYS CORP | d825749dex1012.htm |
| 10-K - FORM 10-K - UNISYS CORP | d825749d10k.htm |
| EX-10.11 - EX-10.11 - UNISYS CORP | d825749dex1011.htm |
Exhibit 12
UNISYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS (UNAUDITED)
($ in millions)
| Years Ended December 31 | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Fixed charges |
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| Interest expense |
$ | 9.2 | $ | 9.9 | $ | 27.5 | $ | 63.1 | $ | 101.8 | ||||||||||
| Interest capitalized during the period |
4.0 | 3.2 | 5.3 | 4.9 | 9.1 | |||||||||||||||
| Amortization of debt issuance expenses |
1.6 | 1.6 | 1.7 | 1.9 | 2.6 | |||||||||||||||
| Portion of rental expense representative of interest |
27.9 | 28.4 | 28.2 | 32.6 | 33.5 | |||||||||||||||
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| Total Fixed Charges |
42.7 | 43.1 | 62.7 | 102.5 | 147.0 | |||||||||||||||
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| Preferred stock dividend requirements (a) |
2.7 | 16.2 | 16.2 | 13.5 | — | |||||||||||||||
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| Total fixed charges and preferred stock dividends |
45.4 | 59.3 | 78.9 | 116.0 | 147.0 | |||||||||||||||
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| Earnings |
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| Income (loss) from continuing operations before income taxes |
145.5 | 219.4 | 254.1 | 206.0 | 222.9 | |||||||||||||||
| Add amortization of capitalized interest |
4.5 | 5.0 | 7.5 | 7.4 | 9.1 | |||||||||||||||
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| Subtotal |
150.0 | 224.4 | 261.6 | 213.4 | 232.0 | |||||||||||||||
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| Fixed charges per above |
42.7 | 43.1 | 62.7 | 102.5 | 147.0 | |||||||||||||||
| Less interest capitalized during the period |
(4.0 | ) | (3.2 | ) | (5.3 | ) | (4.9 | ) | (9.1 | ) | ||||||||||
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| Total earnings |
$ | 188.7 | $ | 264.3 | $ | 319.0 | $ | 311.0 | $ | 369.9 | ||||||||||
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| Ratio of earnings to fixed charges |
4.42 | 6.13 | 5.09 | 3.03 | 2.52 | |||||||||||||||
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| Ratio of earnings to fixed charges and preferred stock dividends (b) |
4.16 | 4.46 | 4.04 | 2.68 | 2.52 | |||||||||||||||
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| (a) | Amounts have not been grossed up for income taxes since the preferred stock was issued by the U.S. parent corporation which has a full valuation allowance against its net deferred tax assets. |
| (b) | The ratio of earnings to fixed charges and preferred stock dividends is calculated by dividing total earnings by total fixed charges and preferred stock dividends. |