EX-12 2 ex12firstq.txt Exhibit 12 UNISYS CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED) ($ in millions) Three Months Ended Years Ended December 31 Mar. 31, ---------------------------------- 2010 2009 2008 2007 2006 2005 -------- ---- ---- ---- ---- ---- Fixed charges Interest expense $ 26.5 $ 95.2 $ 85.1 $ 76.3 $ 77.2 $ 64.7 Interest capitalized during the period 2.1 7.5 9.0 9.1 9.9 15.0 Amortization of debt issuance expenses .7 3.3 4.1 3.8 3.8 3.4 Portion of rental expense representative of interest 9.2 36.8 49.5 54.9 55.7 59.7 ------ ------ ------ ------ ------ ----- Total Fixed Charges 38.5 142.8 147.7 144.1 146.6 142.8 ------ ------ ------ ------ ------ ----- Earnings Income (loss) from continuing operations before income taxes (4.4) 215.0 (88.2) 13.2 (229.7)(191.1) Add (deduct) the following: Share of loss (income) of associated companies - - - - 4.5 (7.2) Amortization of capitalized interest 2.4 11.6 16.1 14.5 13.7 12.9 ----- ------ ------ ------ ------ ----- Subtotal (2.0) 226.6 (72.1) 27.7 (211.5)(185.4) ----- ------ ------ ------ ------ ----- Fixed charges per above 38.5 142.8 147.7 144.1 146.6 142.8 Less interest capitalized during the period (2.1) (7.5) (9.0) (9.1) (9.9) (15.0) ----- ------ ------ ------ ------ ------ Total earnings (loss) $34.4 $361.9 $ 66.6 $162.7 $(74.8)$(57.6) ===== ====== ====== ====== ====== ====== Ratio of earnings to fixed charges * 2.53 * 1.13 * * ===== ====== ====== ====== ====== ===== * Earnings for the three months ended March 31, 2010 and the years ended December 31, 2008, 2006 and 2005 were inadequate to cover fixed charges by $4.1 million, $81.1 million, $221.4 million and $200.4 million, respectively.