EX-12 45 a2062146zex-12.txt RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 IMC Global Inc. Computation of Ratio of Earnings to Fixed Charges
------------------------------------------------------------------------------------------------------------------------------ SIX MONTHS ENDED YEARS ENDED DECEMBER 31 JUNE 30, 2001 2000 1999 1998 1997 1996 ------------------------------------------------------------------------------------------------------------------------------ Fixed charges: Interest charges $ 65.6 $ 112.6 $ 111.4 $ 104.7 $ 40.2 $ 43.6 Rent expense 2.5 5.0 6.4 7.5 6.0 5.8 ---------- --------- ---------- ---------- --------- --------- Total fixed charges $ 68.1 $ 117.6 $ 117.8 $ 112.2 $ 46.2 $ 49.4 Earnings: Earnings (loss) from continuing operations before minority interest $ 7.8 $ 118.7 $ (390.9) $ 254.1 $ 224.6 $ 388.7 Interest charges 65.6 112.6 111.4 104.7 40.2 43.6 Rent expense 2.5 5.0 6.4 7.5 6.0 5.8 ----------- --------- ----------- ----------- --------- --------- Total earnings $ 75.9 $ 236.3 $ (273.1) $ 366.3 $ 270.8 $ 438.1 Ratio of earnings to fixed charges(a) 1.11 2.01 - 3.26 5.86 8.87
(a) The Company's earnings were insufficient to cover fixed charges by $390.9 million for the year ended December 31, 1999. -------------------------------------------------------------------------------