EX-12 9 c91705exv12.txt STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12 MOTOROLA, INC. AND SUBSIDIARIES COMPUTATION OF FIXED CHARGES RATIO
YEARS ENDED DECEMBER 31, ----------------------------------------------------- (In Millions) 2004 2003 2002 2001 2000 --------- -------- ------- -------- ------- Pretax income (loss) (1) $ 3,223 $ 1,346 ($2,080) ($ 3,855) $ 2,016 Capitalized interest - - (0) (13) (18) Fixed charges (as calculated below) 453 578 682 896 767 --------- -------- ------- -------- ------- Earnings (2) $ 3,676 $ 1,924 ($1,398) ($ 2,972) $ 2,765 ========= ======== ======= ======== ======= FIXED CHARGES: Interest expense $ 381 $ 504 $ 609 $ 783 $ 673 Rent expense interest factor 72 74 73 113 94 --------- -------- ------- -------- ------- Total fixed charges (2) $ 453 $ 578 $ 682 $ 896 $ 767 ========= ======== ======= ======== ======= RATIO OF EARNINGS TO FIXED CHARGES 8.1 3.3 0.0 (3) 0.0 (3) 3.6 ========= ======== ======= ======== =======
(l)-After adjustments required by Item 503 (d) of SEC Regulation S-K. (2)-As defined in Item 503 (d) of SEC Regulation S-K. (3)-Earnings were inadequate to cover fixed charges for the years ended December 31, 2002 and 2001 by $2.1 billion and $3.9 billion, respectively.