EX-12 4 c57562ex12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 12 TENNECO AUTOMOTIVE INC. AND CONSOLIDATED SUBSIDIARIES COMBINED WITH 50% OWNED UNCONSOLIDATED SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN MILLIONS) (UNAUDITED)
NINE MONTHS ENDED SEPTEMBER 30, -------------- 2000 1999 ---- ---- Income from continuing operations........................... $ 22 $ 80 Add: Interest expense.......................................... 139 58 Portion of rentals representative of the interest factor................................................. 10 8 Preferred stock dividend requirements of majority-owned subsidiaries........................................... -- 20 Income tax expense (benefit) and other taxes on income.... (1) 60 Amortization of interest capitalized...................... -- -- Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned......... -- -- ---- ---- Earnings as defined.................................. $170 $226 ==== ==== Interest expense............................................ $139 $ 58 Interest capitalized........................................ 4 -- Portion of rentals representative of the interest factor.... 10 8 Preferred stock dividend requirements of majority-owned subsidiaries on a pre-tax basis........................... -- 32 ---- ---- Fixed charges as defined............................. $153 $ 98 ==== ==== Ratio of earnings to fixed charges.......................... 1.11 2.31 ==== ====