EX-12 3 dex12.htm COMPUTATION OF RATIO OF EARNINGS Computation of Ratio of Earnings

Exhibit 12 to 2003 10-Q

CONVERGYS CORPORATION
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
(Amounts in millions)

 

 

 

For the Three
Months Ended
March 31, 2003

 

 

 

 

Earnings:

 

 

 

 

Income before income taxes, extraordinary charges and cumulative effect of change in accounting principle

 

$

34.9

 

Adjustment for undistributed (income)/losses of partnerships

 

 

9.9

 

Interest expense

 

 

1.5

 

Portion of rental expense deemed interest

 

 

9.5

 

 

 

 

Total earnings

 

$

55.8

 

 

 

 

Fixed Charges:

 

 

 

 

Interest expense

 

$

1.5

 

Portion of rental expense deemed interest

 

 

9.5

 

 

 

 

Total fixed charges

 

$

11.0

 

 

 

 

Preferred dividends:

 

 

 

 

Preferred dividends

 

 

—

 

 

 

 

Combined fixed charges and preferred dividends

 

$

11.0

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 

5.07

 

 

 

 

Ratio of Earnings to Combined Fixed Charges and Preferred Dividends

 

 

5.07