EX-12 8 d71017exv12.htm EX-12 exv12
     
Trinity Industries, Inc. and Subsidiaries
  Exhibit 12
Computation of Ratio of Earnings To Fixed Charges
   
                                         
    For the Year Ended December 31,    
    2009       2008       2007       2006       2005    
    ($ in millions)    
Earnings:
                                       
Earnings (loss) from continuing operations before provision (benefit) for income taxes
  $ (146.9)   $ 453.8     $ 454.9     $ 343.9     $ 176.1  
Add:
                                       
Fixed Charges
    146.3       134.3       109.3       91.4       64.7  
Amortization of capitalized interest
    0.3       0.1       0.1       0.0       0.0  
 
                             
 
                                       
Total earnings (loss) from continuing operations before provision (benefit) for income taxes
  $ (0.3)   $ 588.2     $ 564.3     $ 435.3     $ 240.8  
 
                             
 
                                       
Fixed Charges:
                                       
Interest expense
  $ 123.2     $ 109.4     $ 84.5     $ 68.7     $ 42.2  
Portion of rental expense representative of interest
    23.1       24.9       24.8       22.7       22.5  
 
                             
 
                                       
 
    146.3       134.3       109.3       91.4       64.7  
Capitalized interest
    0.0       0.9       0.6       0.3       0.7  
 
                             
 
                                       
Total Fixed Charges
  $ 146.3     $ 135.2     $ 109.9     $ 91.7     $ 65.4  
 
                             
 
                                       
Ratio of Earnings to Fixed Charges
    0.00       4.35       5.13       4.75       3.68  
 
                             
Footnote:
Earnings for the year ended December 31, 2009 included a $325 million goodwill impairment charge. See Note 9 of the Notes to Consolidated Financial Statements for further discussion.
Earnings were inadequate to cover fixed charges for the year ended December 31, 2009. The deficiency for this period was $146.6 million.