EX-12 5 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 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  
     2010     2009     2008     2007     2006  

Fixed charges

          

Interest expense

   $ 101.8      $ 95.2      $ 85.1      $ 76.3      $ 77.2   

Interest capitalized during the period

     9.1        7.5        9.0        9.1        9.9   

Amortization of debt issuance expenses

     2.6        3.3        4.1        3.8        3.8   

Portion of rental expense representative of interest

     33.5        34.9        46.9        52.4        53.7   
                                        

Total Fixed Charges

     147.0        140.9        145.1        141.6        144.6   
                                        

Earnings

          

Income (loss) from continuing operations before income taxes

     222.9        218.2        (97.6     14.8        (228.9

Add (deduct) the following:

          

Share of loss (income) of associated companies

     —          —          —          —          4.5   

Amortization of capitalized interest

     9.1        11.6        16.1        14.5        13.7   
                                        

Subtotal

     232.0        229.8        (81.5     29.3        (210.7
                                        

Fixed charges per above

     147.0        140.9        145.1        141.6        144.6   

Less interest capitalized during the period

     (9.1     (7.5     (9.0     (9.1     (9.9
                                        

Total earnings (loss)

   $ 369.9      $ 363.2      $ 54.6      $ 161.8      $ (76.0
                                        

Ratio of earnings to fixed charges

     2.52        2.58        *        1.14        *   
                                        

 

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