Attached files
| file | filename |
|---|---|
| EX-32 - EXECUTIVE OFFICER CERTIFICATIONS - HARSCO CORP | exh32_16744.htm |
| EX-21 - SUBSIDIARIES OF THE REGISTRANT - HARSCO CORP | exh21_16744.htm |
| EX-23 - ACCOUNTANTS CONSENT - HARSCO CORP | exh23_16744.htm |
| EX-31.(B) - EXECUTIVE OFFICER CERTIFICATION - HARSCO CORP | exh31b_16744.htm |
| EX-10.(A)(X) - EXTENTION AGREEMENT - HARSCO CORP | exh10ax_16744.htm |
| 10-K - HARSCO CORPORATION - HARSCO CORP | form-10k_16744.htm |
| EX-31.(A) - EXECUTIVE OFFICER CERTIFICATION - HARSCO CORP | exh31a_16744.htm |
Exhibit 12
HARSCO
CORPORATION
Computation
of Ratios of Earnings to Fixed Charges
|
YEARS
ENDED DECEMBER 31
|
||||||||||||||||||||
|
(dollars
in thousands)
|
2009
(a)
|
2008
(a)
|
2007
(a)
|
2006
(b)
|
2005
(b)
|
|||||||||||||||
|
Pre-tax
income from continuing operations attributable to Harsco shareholders
(c)
|
$ | 152,347 | $ | 337,443 | $ | 372,713 | $ | 279,756 | $ | 203,610 | ||||||||||
|
Add
fixed charges computed below
|
95,180 | 120,709 | 129,233 | 100,635 | 77,317 | |||||||||||||||
|
Net
adjustments for equity companies
|
(94 | ) | (417 | ) | (868 | ) | (192 | ) | 96 | |||||||||||
|
Net
adjustments for capitalized interest
|
(572 | ) | (277 | ) | (723 | ) | (1,114 | ) | (567 | ) | ||||||||||
|
Consolidated
Earnings Available for Fixed Charges
|
$ | 246,861 | $ | 457,458 | $ | 500,355 | $ | 379,085 | $ | 280,456 | ||||||||||
|
Consolidated
Fixed Charges:
|
||||||||||||||||||||
|
Interest
expense per financial statements (d)
|
$ | 62,746 | $ | 73,160 | $ | 81,383 | $ | 60,478 | $ | 41,918 | ||||||||||
|
Interest
expense capitalized
|
947 | 552 | 1,035 | 1,325 | 677 | |||||||||||||||
|
Portion
of rentals (1/3) representing a reasonable approximation of the interest
factor
|
31,487 | 46,997 | 46,815 | 38,832 | 34,722 | |||||||||||||||
|
Consolidated
Fixed Charges
|
$ | 95,180 | $ | 120,709 | $ | 129,233 | $ | 100,635 | $ | 77,317 | ||||||||||
|
Consolidated
Ratio of Earnings to Fixed Charges
|
2.59 | 3.79 | 3.87 | 3.77 | 3.63 | |||||||||||||||
|
(a)
|
Does
not include interest related to uncertain tax position
obligations.
|
|
(b)
|
Pre-tax
income from continuing operations (net of minority interest in net income)
restated to reflect the Gas Technologies business group as a Discontinued
Operation. Portion of rentals revised to include recurring
short-term rentals in the Harsco Infrastructure
Segment.
|
|
(c)
|
On
January 1, 2009, the Company adopted changes issued by the Financial
Accounting Standards Board related to consolidation accounting and
reporting. These changes, among others, require that minority
interests be renamed noncontrolling interests and that a company present a
consolidated net income measure that includes the amount attributable to
such noncontrolling interests for all periods presented. For the
computation above, income attributable to noncontrolling interests have
been excluded from pre-tax income.
|
|
(d)
|
Includes
amortization of debt discount and
expense.
|