EX-12 2 0002.txt RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 R.R. Donnelley & Sons Company Ratio of Earnings to Fixed Charges
Period Ending 30-Jun-00 ------------- (in thousands except ratios) Earnings available for fixed charges: Earnings from continuing operations before income taxes........................ $167,546 Add: Equity losses of minority-owned companies................................. 1,302 Add: Dividends received from investees under the equity method................. 60 Add: Minority interest expense in majority-owned subsidiaries.................. 98 Add: Fixed charges before capitalized interest................................. 55,486 Add: Amortization of capitalized interest...................................... 4,045 -------- Total earnings available for fixed charges.................................. $228,537 ======== Fixed charges: Interest expense............................................................... $ 47,101 Interest portion of rental expense............................................. 8,070 Amortization of discount and capitalized expenses related to indebtedness...... 315 -------- Total fixed charges before capitalized interest................................ 55,486 Capitalized interest........................................................... 3,000 -------- Total fixed charges......................................................... $ 58,486 ======== Ratio of earnings to fixed charges................................................ 3.91 ========