EX-12.1 3 ex-121201410xk.htm EXHIBIT 12.1 EX-12.1 2014 10-K


EXHIBIT 12.1

 
Visteon Corporation and Subsidiaries
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
(in millions)
 
Successor
 
 
Predecessor
 
Year Ended
 
Year Ended
 
Year Ended
Year Ended
3 Months Ended
 
 
9 Months Ended
 
December 31
 
December 31
 
December 31
 
December 31
 
December 31
 
 
September 30
 
2014
 
2013
 
2012
 
2011
 
2010
 
 
2010
Earnings
 
 
 
 
 
 
 
 
 
 
 
 
Income/(loss) before income taxes, non-controlling interest, discontinued operations
$
261

 
$
902

 
$
336

 
$
307

 
$
150

 
 
$
818

Earnings of non-consolidated affiliates
(15
)
 
(213
)
 
(226
)
 
(168
)
 
(41
)
 
 
(105
)
Cash dividends received from non-consolidated affiliates
17

 
187

 
104

 
47

 
—

 
 
12

Fixed charges
58

 
64

 
63

 
61

 
17

 
 
177

Non-controlling interest in pre-tax income of subsidiaries that have not incurred fixed charges
(59
)
 
(38
)
 
(21
)
 
(7
)
 
(2
)
 
 
(6
)
      Earnings
$
262

 
$
902

 
$
256

 
$
240

 
$
124

 
 
$
896

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
Interest and related charges on debt
$
37

 
$
46

 
$
48

 
$
46

 
$
14

 
 
$
166

Portion of rental expense representative of the interest factor
21

 
18

 
15

 
15

 
3

 
 
11

      Fixed charges
$
58

 
$
64

 
$
63

 
$
61

 
$
17

 
 
$
177

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratios
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
4.49

 
14.19

 
4.09

 
3.95

 
7.17

 
 
5.06