EX-12 2 dex12.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratio of Earnings to Fixed Charges

 

Exhibit 12

UNISYS CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)

($ in millions)

 

     Nine
Months
Ended
Sept. 30,
2010		     Years Ended December 31  
       2009     2008     2007     2006     2005  

Fixed charges

             

Interest expense

    $ 76.8      $ 95.2      $ 85.1      $ 76.3      $ 77.2      $ 64.7   

Interest capitalized during the period

      6.8        7.5        9.0        9.1        9.9        15.0   

Amortization of debt issuance expenses

      2.0        3.3        4.1        3.8        3.8        3.4   

Portion of rental expense representative of interest

      26.2        34.9        46.9        52.4        53.7        58.0   
                                                

Total Fixed Charges

      111.8        140.9        145.1        141.6        144.6        141.1   
                                                

Earnings

             

Income (loss) from continuing operations before income taxes

      119.7        218.2        (97.6 )      14.8        (228.9 )      (154.8 ) 

Add (deduct) the following:

             

Share of loss (income) of associated companies

      —          —          —          —          4.5        (7.2 ) 

Amortization of capitalized interest

      6.9        11.6        16.1        14.5        13.7        12.9   
                                                

Subtotal

      126.6        229.8        (81.5 )      29.3        (210.7 )      (149.1 ) 
                                                

Fixed charges per above

      111.8        140.9        145.1        141.6        144.6        141.1   

Less interest capitalized during the period

      (6.8 )      (7.5 )      (9.0 )      (9.1 )      (9.9 )      (15.0 ) 
                                                

Total earnings (loss)

    $ 231.6      $ 363.2      $ 54.6      $ 161.8      $ (76.0 )    $ (23.0 ) 
                                                

Ratio of earnings to fixed charges

      2.07        2.58        *        1.14        *        *   
                                                

 

* Earnings for the years ended December 31, 2008, 2006 and 2005 were inadequate to cover fixed charges by $90.5 million, $220.6 million and $164.1 million, respectively.