EX-12 28 c64334exv12.htm EX-12 exv12
Exhibit 12
SWIFT TRANSPORTATION COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
     The following table sets forth our ratio of earnings to fixed charges on a historical basis for the periods indicated.
                                                   
    Successor       Predecessor  
                                      January 1,        
                                      2007        
    Year Ended       Through     Year Ended  
    December 31,       May 10,     December 31,  
(Dollars in thousands)   2010     2009     2008     2007       2007     2006  
               
Earnings available to cover fixed charges:
                                                 
Income (loss) before income taxes
  $ (168,845 )   $ (108,995 )   $ (135,187 )   $ (330,504 )     $ (34,999 )   $ 221,274  
Fixed charges
    337,453       272,725       257,147       195,276         12,965       35,088  
Earnings available to cover fixed charges
  $ 168,608     $ 163,730     $ 121,960     $ (135,228 )     $ (22,034 )   $ 256,362  
Fixed Charges
                                                 
Interest expense
  $ 251,129     $ 200,512     $ 222,177     $ 171,115       $ 9,454     $ 26,870  
Derivative interest expense (income)
    70,399       55,634       18,699       13,233         (177 )     (1,134 )
Interest portion of rental expense
    15,925       16,579       16,271       10,928         3,688       9,352  
Total fixed charges
  $ 337,453     $ 272,725     $ 257,147     $ 195,276       $ 12,965     $ 35,088  
Ratio of earnings to fixed charges (a)
    0.50       0.60       0.47                     7.31  
 
(a)   Our earnings were insufficient to cover fixed charges by approximately $169 million, $109 million, $135 million, $331 million, and $35 million for the years ended December 31, 2010, 2009, 2008, 2007, and that of our predecessor for the period from January 1, 2007 through May 10, 2007, respectively.