EX-12 12 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES Computation of Ratio of Earnings to Combined Fixed Charges

Exhibit 12 to 2009 10-K

CONVERGYS CORPORATION

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends

(Amounts in millions)

 

    For the Twelve
Months Ended
Dec. 31, 2009
    For the Twelve
Months Ended
Dec. 31, 2008
    For the Twelve
Months Ended
Dec. 31, 2007
    For the Twelve
Months Ended
Dec. 31, 2006
    For the Twelve
Months Ended
Dec. 31, 2005
 

Earnings:

         

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

  $ (117.6   $ (163.9   $ 245.6      $ 244.6      $ 213.4   

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

    (1.3     3.5        (5.5     (6.0     (8.9

Interest expense

    28.9        22.6        17.5        22.8        21.2   

Portion of rental expense deemed interest

    30.9        28.5        28.8        28.7        33.0   
                                       

Total earnings

  $ (59.1   $ (109.3   $ 286.4      $ 290.1      $ 258.7   
                                       

Fixed Charges:

         

Interest expense

  $ 28.9      $ 22.6      $ 17.5      $ 22.8      $ 21.2   

Portion of rental expense deemed interest

    30.9        28.5        28.8        28.7        33.0   
                                       

Total fixed charges

  $ 59.8      $ 51.1      $ 46.3      $ 51.5      $ 54.2   
                                       

Preferred dividends:

         

Preferred dividends

    —          —          —          —          —     
                                       

Combined fixed charges and preferred dividends

  $ 59.8      $ 51.1      $ 46.3      $ 51.5      $ 54.2   
                                       

Ratio of Earnings to Fixed Charges

    (0.99     (2.14     6.19        5.63        4.77   
                                       

Ratio of Earnings to Combined Fixed Charges and Preferred Dividends

    (0.99     (2.14     6.19        5.63        4.77