EX-12 8 d19332exv12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 TRINITY INDUSTRIES, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN MILLIONS)
FOR THE THREE MONTHS ENDED FOR THE NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, ----------------------------- ---------------------------- 2004 2003 2004 2003 ------------ ------------ ------------ ------------ EARNINGS: Earnings before provision for income taxes $ 1.7 $ 2.0 $ (9.3) $ (13.2) Add: Total fixed charges 15.8 11.1 45.6 33.5 ------------ ------------ ------------ ------------ Total earnings before provisions for income taxes $ 17.5 $ 13.1 $ 36.3 $ 20.3 ============ ============ ============ ============ FIXED CHARGES: Interest expense $ 11.1 $ 8.4 $ 32.1 $ 26.3 Portion of rental expense representative of interest 4.7 2.7 13.5 7.2 ------------ ------------ ------------ ------------ TOTAL FIXED CHARGES $ 15.8 $ 11.1 $ 45.6 $ 33.5 ============ ============ ============ ============ RATIO OF EARNINGS TO FIXED CHARGES 1.1 1.2 (a) (a) ============ ============ ============ ============
FOOTNOTE: (a) Earnings were inadequate to cover fixed charges for the nine months ended September 30, 2004 and 2003. The deficiencies for those periods were $9.3 million and $13.2 million, respectively.