EX-12.1 2 l87879aex12-1.txt EX-12.1--COMP. OF RATIO OF EARNINGS TO FIXED CHRGS 1 EXHIBIT 12.1 CONVERGYS CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (MILLIONS OF DOLLARS)
Year ended December 31, 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- Earnings Income (loss) before income taxes, extraordinary charges and cumulative effect of change in accounting principle $317.0 $222.5 $130.6 $130.6 $124.8 Adjustment for undistributed (income) losses of partnerships 13.4 2.2 (25.1) (2.1) (5.1) Interest expense 32.9 32.5 33.9 5.4 6.0 Portion (1/3) of rental expense deemed interest 33.6 36.8 39.1 31.6 25.5 ------ ------ ------ ------ ------ Total Earnings $396.9 $294.0 $178.5 $165.5 $151.2 ====== ====== ====== ====== ====== Fixed Charges Interest expense $32.9 $32.5 $33.9 $5.4 $6.0 Portion (1/3) of rental expense deemed interest 33.6 36.8 39.1 31.6 25.5 ------ ------ ------ ------ ------ Total Fixed Charges $66.5 $69.3 $73.0 $37.0 $31.5 ====== ====== ====== ====== ====== Ratio of earnings to fixed charges 5.97 4.24 2.45 4.47 4.80