EX-12 10 c78654exv12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 TENNECO AUTOMOTIVE INC. AND CONSOLIDATED SUBSIDIARIES COMBINED WITH 50% OWNED UNCONSOLIDATED SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
SIX MONTHS ENDED JUNE 30, --------------------- 2003 2002 ------ ------ (DOLLARS IN MILLIONS) Income (loss) before cumulative effect of change in accounting principle...................................... $ 25 $ 17 Add: Interest expense.......................................... 69 72 Amortization of interest capitalized...................... 1 -- Portion of rentals representative of the interest factor................................................. 5 5 Income tax expense (benefit).............................. 1 8 Minority Interest......................................... 3 1 Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned......... 2 1 ----- ----- Earnings as defined.................................... $ 106 $ 104 ===== ===== Interest expense............................................ $ 69 $ 72 Interest capitalized........................................ 2 2 Portion of rentals representative of the interest factor.... 5 5 ----- ----- Fixed charges as defined............................... $ 76 $ 79 ===== ===== Ratio of earnings to fixed charges.......................... 1.39 1.32 ===== =====