EX-12 6 d65573exv12.htm EX-12 exv12
EXHIBIT 12
Trinity Industries, Inc. and Subsidiaries
Computation of Ratio of Earnings To Fixed Charges
                                         
    For the Year Ended December 31,  
    2008     2007     2006     2005     2004  
    ($ in millions)  
Earnings:
                                       
Earnings (loss) from continuing operations before provision (benefit) for income taxes
  $ 462.8     $ 463.2     $ 348.5     $ 176.1     $ (21.6 )
Add:
                                       
Fixed Charges
    125.3       101.0       86.8       64.7       59.5  
Amortization of capitalized interest
    0.1       0.1                    
 
                             
Total earnings from continuing operations before provision (benefit) for income taxes
  $ 588.2     $ 564.3     $ 435.3     $ 240.8     $ 37.9  
 
                             
 
                                       
Fixed Charges:
                                       
Interest expense
  $ 100.4     $ 76.2     $ 64.1     $ 42.2     $ 42.8  
Portion of rental expense representative of interest
    24.9       24.8       22.7       22.5       16.7  
 
                             
 
                                       
 
    125.3       101.0       86.8       64.7       59.5  
Capitalized interest
    0.9       0.6       0.3       0.7        
 
                             
Total Fixed Charges
  $ 126.2     $ 101.6     $ 87.1     $ 65.4     $ 59.5  
 
                             
 
                                       
Ratio of Earnings to Fixed Charges
    4.66       5.55       5.00       3.68       0.64  
 
                             
Footnote:
     
 
(a)   Earnings were inadequate to cover fixed charges for the year ended December 31, 2004. The deficiency for this period was $21.6 million.