EX-12 9 exhibit12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exhibit12.htm
EXHIBIT 12 – COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.



   
Year Ended December 31,
 
   
2007
   
2006
   
2005
   
2004
   
2003
 
   
(Unaudited)
 
Fixed Charges:
 
(in millions, except for ratios)
 
Interest expense, including amortization of debt
                             
issuance costs ………………………………
  $ 61.6     $ 39.0     $ 27.9     $ 25.8     $ 47.5  
Estimated interest portion of rents …………….
    6.6       8.9       10.3       11.7       12.2  
Capitalized interest …………………………….
    6.4       7.2       5.7       5.8       6.0  
Total fixed charges as defined …………………
    74.6       55.1       43.9       43.3       65.7  
                                         
Earnings (Loss):
                                       
Income (loss) from continuing operations before
                                       
income tax expense ……................................
    17.6       (355.5 )     80.0       235.8       303.2  
Total fixed charges as defined …………………
    74.6       55.1       43.9       43.3       65.7  
Fixed charges not deducted in the determination
                                       
of income (loss) from continuing operations
                                       
before income tax expense ………………….
    (6.4 )     (7.2 )     (5.7 )     (5.8 )     (6.0 )
Total earnings (loss) as defined ………………..
  $ 85.8     $ (307.6 )   $ 118.2     $ 273.3     $ 362.9  
                                         
Ratio of earnings (loss) to fixed charges ……..
    1.15       (5.58 )     2.69       6.31       5.52