EX-12 14 cvg123117ex12.htm EXHIBIT 12 Exhibit


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
 
 
 
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
 
Income from Continuing Operations, net of tax
 

$121.4


$133.0


$168.4


$116.5


$58.5

 
Income tax expense
 
58.4

52.9

8.6

12.8

72.5

 
Interest expense
 
18.3

18.1

18.2

19.3

11.5

 
Portion of rental expense deemed interest
 
47.8

45.0

43.1

41.7

27.0

 
      Total earnings
 

$245.9


$249.0


$238.3


$190.3


$169.5

Fixed Charges:
 
 
 
 
 
 
 
Interest expense
 

$18.3


$18.1


$18.2


$19.3


$11.5

 
Portion of rental expense deemed interest
 
47.8

45.0

43.1

41.7

27.0

 
      Total fixed charges
 

$66.1


$63.1


$61.3


$61.0


$38.5

 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
3.7

3.9

3.9

3.1

4.4