EX-12 2 0002.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 UNISYS CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED) ($ in millions) Years Ended December 31 ------------------------------------------- 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- Fixed charges Interest expense $ 79.8 $127.8 $171.7 $ 233.2 $249.7 Interest capitalized during the period 11.4 3.6 - - - Amortization of debt issuance expenses 3.2 4.1 4.6 6.7 6.3 Portion of rental expense representative of interest 42.2 46.3 49.1 51.8 59.8 ------ ------ ------ ------- ------ Total Fixed Charges 136.6 181.8 225.4 291.7 315.8 ------ ------ ------ ------- ------ Earnings Income (loss) from continuing operations before income taxes 379.0 770.3 594.2 (748.1) 80.2 Add (deduct) the following: Share of loss (income) of associated companies (20.5) 8.9 (.3) 5.9 (4.9) Amortization of capitalized interest 2.2 - - - - ------ ------ ------ ------- ------ Subtotal 360.7 779.2 593.9 (742.2) 75.3 ------ ------ ------ ------- ------ Fixed charges per above 136.6 181.8 225.4 291.7 315.8 Less interest capitalized during the period (11.4) (3.6) - - - ------ ------ ------ ------- ------ Total earnings (loss) $485.9 $957.4 $819.3 $(450.5) $391.1 ====== ====== ====== ======= ====== Ratio of earnings to fixed charges 3.56 5.27 3.63 * 1.24 ====== ====== ====== ======= ====== * Earnings for the year ended December 31, 1997 was inadequate to cover fixed charges by approximately $742.2 million.