EX-12 6 c59635ex12.txt STATEMENT 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 YEARS ENDED DECEMBER 31, -------------------------------- 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- Income (loss) from continuing operations.................. $(41) $(63) $116 $234 $ 82 Add: Interest................................................ 186 106 69 58 60 Portion of rentals representative of interest factor.... 13 11 10 10 12 Preferred stock dividend requirements of majority-owned subsidiaries......................................... -- 22 27 21 21 Income tax expense and other taxes on income............ (27) 82 13 80 79 Amortization of interest capitalized.................... -- -- -- -- -- Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned.... -- -- -- -- -- ---- ---- ---- ---- ---- Earnings as defined............................. 131 $158 $235 $403 $254 ==== ==== ==== ==== ==== Interest.................................................. $186 $106 $ 69 $ 58 $ 60 Interest capitalized...................................... 6 -- -- -- -- Portion of rentals representative of interest factor...... 13 11 10 10 12 Preferred stock dividend requirements of majority-owned subsidiaries on a pre-tax basis......................... -- 35 30 16 37 ---- ---- ---- ---- ---- Fixed charges as defined........................ 205 $152 $109 $ 84 $109 ==== ==== ==== ==== ==== Ratio of earnings to fixed charges........................ .64 1.04 2.16 4.80 2.33 ==== ==== ==== ==== ====
--------------- Note: For the year ended December 31, 2000, earnings were inadequate to cover fixed charges by $74 million.