EX-12 3 ex12q3.txt Exhibit 12 UNISYS CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED) ($ in millions)
Nine Months Ended Years Ended December 31 Sept. 30, ----------------------------------- 2001 2000 1999 1998 1997 1996 --------- ---- ---- ---- ---- ---- Fixed charges Interest expense $ 50.0 $ 79.8 $127.8 $171.7 $233.2 $249.7 Interest capitalized during the period 8.5 11.4 3.6 - - - Amortization of debt issuance expenses 2.1 3.2 4.1 4.6 6.7 6.3 Portion of rental expense representative of interest 31.7 42.2 46.3 49.1 51.8 59.8 ------ ------ ----- ----- ----- ------ Total Fixed Charges 92.3 136.6 181.8 225.4 291.7 315.8 ------ ------ ------ ------ ------ ------ Earnings Income (loss) from continuing operations before income taxes 178.5 379.0 770.3 594.2 (748.1) 80.2 Add (deduct) the following: Share of loss (income) of associated companies (12.1) (20.5) 8.9 (.3) 5.9 (4.9) Amortization of capitalized interest 3.8 2.2 - - - - ------ ------ ------ ------ ------ ------ Subtotal 170.2 360.7 779.2 593.9 (742.2) 75.3 ------ ------ ------ ------ ------ ------ Fixed charges per above 92.3 136.6 181.8 225.4 291.7 315.8 Less interest capitalized during the period (8.5) (11.4) (3.6) - - - ------ ------ ------ ------ ------- ------ Total earnings (loss) $254.0 $485.9 $957.4 $819.3 $(450.5)$391.1 ====== ====== ====== ====== ======= ====== Ratio of earnings to fixed charges 2.75 3.56 5.27 3.63 * 1.24 ====== ====== ====== ====== ======= ======
* Earnings for the year ended December 31, 1997 were inadequate to cover fixed charges by approximately $742.2 million.