EX-12.1 26 k47622exv12w1.htm EX-12.1 EX-12.1
EXHIBIT 12.1
Visteon Corporation and Subsidiaries
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions)
                                         
    For the Years Ended December 31,  
    2008     2007     2006     2005     2004  
Earnings
                                        
Income/(loss) before income taxes, minority interest, discontinued operations and change in accounting and extraordinary item
   $ (531 )   $ (285 )   $ (89 )   $ (165 )   $ (540 )
Earnings of non-consolidated affiliates
     (41 )     (47 )     (33 )     (25 )     (45 )
Cash dividends received from non-consolidated affiliates
     46       71       24       48       42  
Fixed charges
     236       249       212       185       140  
Amortization of capitalized interest, net of interest capitalized
     7       6       6       4       1  
 
                              
Earnings
   $ (283 )   $ (6 )   $ 120     $ 47     $ (402 )
 
                              
 
                                        
Fixed Charges
                                        
Interest and related charges on debt
   $ 215     $ 226     $ 190     $ 158     $ 109  
Portion of rental expense representative of the interest factor
     27       27       23       27       31  
 
                              
Fixed charges
   $ 242     $ 253     $ 213     $ 185     $ 140  
 
                              
 
                                        
Ratios
                                        
Ratio of earnings to fixed charges *
     N/A       N/A       N/A       N/A       N/A  
 
*   For the years ended December 31, 2008, 2007, 2006, 2005 and 2004 fixed charges exceed earnings by $525 million, $259 million, $93 million, $138 million and $542 million, respectively, resulting in a ratio of less than one.