EX-12 3 ex12-thirdq.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, ---------------------------------- 2009 2008 2007 2006 2005 2004 -------- ---- ---- ---- ---- ---- Fixed charges Interest expense $ 68.4 $ 85.1 $ 76.3 $ 77.2 $ 64.7 $ 69.0 Interest capitalized during the period 5.3 9.0 9.1 9.9 15.0 16.3 Amortization of debt issuance expenses 2.5 4.1 3.8 3.8 3.4 3.5 Portion of rental expense representative of interest 38.0 50.6 55.9 56.7 60.9 61.6 ----- ------ ------ ------ ------ ----- Total Fixed Charges 114.2 148.8 145.1 147.6 144.0 150.4 ----- ------ ------ ------ ------ ----- Earnings Income (loss) from continuing operations before income taxes(1) 140.0 (64.5) 29.4 (242.2)(203.1) (85.5) Add (deduct) the following: Share of loss (income) of associated companies - - - 4.5 (7.2) (14.0) Amortization of capitalized interest 9.1 16.1 14.5 13.7 12.9 11.7 ----- ------ ------ ------ ------ ----- Subtotal 149.1 (48.4) 43.9 (224.0)(197.4) (87.8) ----- ------ ------ ------ ------ ----- Fixed charges per above 114.2 148.8 145.1 147.6 144.0 150.4 Less interest capitalized during the period (5.3) (9.0) (9.1) (9.9) (15.0) (16.3) ----- ------ ------ ------ ------ ------ Total earnings (loss) $258.0 $ 91.4 $179.9 $(86.3)$(68.4)$ 46.3 ====== ====== ====== ====== ====== ====== Ratio of earnings to fixed charges 2.26 * 1.24 * * * ===== ====== ====== ====== ====== ===== (1) Amounts for the years 2004-2008 have been reclassified to reflect the adoption of ACS 810-10. * Earnings for the years ended December 31, 2008, 2006, 2005 and 2004 were inadequate to cover fixed charges by $57.4 million, $233.9 million, $212.4 million and $104.1 million, respectively.