EX-12 8 dex12.txt RATIO OF EARNINGS TO FIXED CHARGES Form 10-K Year Ended 12/31/00 Exhibit 12 R.R. Donnelley & Sons Company Ratio of Earnings to Fixed Charges
Period Ending 31-Dec-00 ------------- (in thousands except ratio) Earnings available for fixed charges: Earnings from continuing operations before income taxes........ $433,984 Less: earnings of minority-owned companies..................... 3,122 Add: Dividends received from investees under the equity method. 1,763 Add: Minority interest expense in majority-owned subsidiaries.. 208 Add: Fixed charges before capitalized interest................. 108,493 Add: Amortization of capitalized interest...................... 7,735 -------- Total earnings available for fixed charges................... $555,305 ======== Fixed charges: Interest expense............................................... $ 89,639 Interest portion of rental expense............................. 18,393 Amortization of discount and capitalized expenses related to indebtedness.................................................. 461 -------- Total fixed charges before capitalized interest................ 108,493 Capitalized interest........................................... 4,554 -------- Total fixed charges.......................................... $113,047 ======== Ratio of earnings to fixed charges............................... 4.91 ========