Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - VISTEON CORP | k48448exv32w2.htm |
| EX-31.2 - EX-31.2 - VISTEON CORP | k48448exv31w2.htm |
| EX-32.1 - EX-32.1 - VISTEON CORP | k48448exv32w1.htm |
| EX-31.1 - EX-31.1 - VISTEON CORP | k48448exv31w1.htm |
| EX-10.1 - EX-10.1 - VISTEON CORP | k48448exv10w1.htm |
| 10-Q - FORM 10-Q - VISTEON CORP | k48448e10vq.htm |
EXHIBIT 12.1
Visteon Corporation and Subsidiaries
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions)
| Nine Months | ||||||||||||||||||||||||
| Ended | For the Years Ended December 31, | |||||||||||||||||||||||
| September 30, 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Earnings |
||||||||||||||||||||||||
Income/(loss) before income taxes, minority interest, discontinued
operations and change in accounting and extraordinary item |
$ | (50 | ) | $ | (531 | ) | $ | (285 | ) | $ | (89 | ) | $ | (165 | ) | $ | (540 | ) | ||||||
Earnings of non-consolidated affiliates |
(52 | ) | (41 | ) | (47 | ) | (33 | ) | (25 | ) | (45 | ) | ||||||||||||
Cash dividends received from non-consolidated affiliates |
6 | 46 | 71 | 24 | 48 | 42 | ||||||||||||||||||
Fixed charges |
113 | 236 | 249 | 212 | 185 | 140 | ||||||||||||||||||
Amortization of capitalized interest, net of interest capitalized |
4 | 7 | 6 | 6 | 4 | 1 | ||||||||||||||||||
Earnings |
$ | 21 | $ | (283 | ) | $ | (6 | ) | $ | 120 | $ | 47 | $ | (402 | ) | |||||||||
Fixed Charges |
||||||||||||||||||||||||
Interest and related charges on debt |
$ | 110 | $ | 215 | $ | 226 | $ | 190 | $ | 158 | $ | 109 | ||||||||||||
Portion of rental expense representative of the interest factor |
16 | 27 | 27 | 23 | 27 | 31 | ||||||||||||||||||
Fixed charges |
$ | 126 | $ | 242 | $ | 253 | $ | 213 | $ | 185 | $ | 140 | ||||||||||||
Ratios |
||||||||||||||||||||||||
Ratio of earnings to fixed charges * |
0.2 | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
| * | For the years ended December 31, 2008, 2007, 2006, 2005 and 2004 fixed charges exceed earnings by $525 million, $259 million, $93 million, $138 million and $542 million, respectively, resulting in a ratio of less than one. |