EX-12 3 cvg12312012ex12.htm EXHIBIT 12 CVG 12.31.2012 EX 12


Exhibit 12 - Ratio of Earnings to Fixed Charges

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

 
 
 
For the Twelve Months Ended
For the Twelve Months Ended
For the Twelve Months Ended
For the Twelve Months Ended
For the Twelve Months Ended
 
 
 
12/31/2012
12/31/2011
12/31/2010
12/31/2009
12/31/2008
 
Income before income taxes, extraordinary charges and cumulative effect of change in accounting principle
 
28.2

282.5

(109.8
)
41.2

26.9

 
Adjustment for undistributed (income)/losses of partnerships, net of distributions
 

10.5

(11.5
)
(1.0
)
3.5

 
Interest expense
 
13.6

16.1

19.5

28.9

22.5

 
Portion of rental expense deemed interest
 
22.0

20.4

20.5

21.5

19.4

 
      Total earnings
 
63.8

329.5

(81.3
)
90.6

72.3

Fixed Charges:
 
 
 
 
 
 
 
Interest expense
 
13.6

16.1

19.5

28.9

22.5

 
Portion of rental expense deemed interest
 
22.0

20.4

20.5

21.5

19.4

 
      Total fixed charges
 
35.6

36.5

40.0

50.4

41.9

Preferred dividends:
 
 
 
 
 
 
 
Preferred dividends
 





 
      Combined fixed charges and preferred dividends
 
35.6

36.5

40.0

50.4

41.9

Ratio of Earnings to Fixed Charges
 
1.8

9.0

(2.0
)
1.8

1.7

Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
 
1.8

9.0

(2.0
)
1.8

1.7