EX-12 6 a2063333zex-12.txt EXHIBIT 12 EXHIBIT 12 TYCO CAPITAL AND SUBSIDIARIES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES ($ IN MILLIONS)
NINE MONTHS ENDED YEARS ENDED DECEMBER 31, SEPTEMBER 30, --------------------------------- 2001 2000 1999 ------------- ------------- ------------- (COMBINED) (PREDECESSOR) (PREDECESSOR) Net income....................................... $ 333.8 $ 611.6 $ 389.4 Provision for income taxes....................... 274.2 373.9 207.6 -------- -------- -------- Earnings before provision for income taxes....... 608.0 985.5 597.0 -------- -------- -------- Fixed charges: Interest and debt expenses on indebtedness..... 1,619.8 2,497.7 1,293.4 Minority interest in subsidiary trust holding solely debentures of the Company, before tax.......................................... 14.4 19.2 19.2 Interest factor--one-third of rentals on real and personal properties...................... 13.5 19.6 10.6 -------- -------- -------- Total fixed charges.............................. 1,647.7 2,536.5 1,323.2 -------- -------- -------- Total earnings before provisions for income taxes and fixed charges...................... $2,255.7 $3,522.0 $1,920.2 ======== ======== ======== Ratios of earnings to fixed charges.............. 1.37x 1.39x 1.45x