Attached files
| file | filename |
|---|---|
| 10-Q - TEREX CORP. 10Q 09-30-2010 - TEREX CORP | f10q09302010.htm |
| EX-32 - CEO & CFO CERTIFICATION - TEREX CORP | exh32.htm |
| EX-31.1 - CEO CERTIFICATION - TEREX CORP | exh31-1.htm |
| EX-31.2 - CFO CERTIFICATION - TEREX CORP | exh31-2.htm |
Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
|
Three Months Ended
September 30,
|
Nine Months Ended
September 30,
|
||||||||||||||
|
2010
|
2009
|
2010
|
2009
|
||||||||||||
|
Earnings:
|
|||||||||||||||
|
Loss before income taxes
|
$
|
(51.2
|
)
|
$
|
(133.0
|
)
|
$
|
(200.7
|
)
|
$
|
(408.1
|
)
|
|||
|
Adjustments:
|
|||||||||||||||
|
Undistributed (income) loss of less than 50% owned investments
|
0.1
|
(0.2
|
)
|
(0.4
|
)
|
(0.1
|
)
|
||||||||
|
Fixed charges
|
42.7
|
38.9
|
126.5
|
102.3
|
|||||||||||
|
Earnings
|
$
|
(8.4
|
)
|
$
|
(94.3
|
)
|
$
|
(74.6
|
)
|
$
|
(305.9
|
)
|
|||
|
Fixed charges:
|
|||||||||||||||
|
Interest expense, including debt discount amortization
|
$
|
36.1
|
$
|
32.5
|
$
|
107.4
|
$
|
81.1
|
|||||||
|
Amortization/writeoff of debt issuance costs
|
1.8
|
1.4
|
5.1
|
6.8
|
|||||||||||
|
Portion of rental expense representative of interest factor (assumed to be 33%)
|
4.8
|
5.0
|
14.0
|
14.4
|
|||||||||||
|
Fixed charges
|
$
|
42.7
|
$
|
38.9
|
$
|
126.5
|
$
|
102.3
|
|||||||
|
Ratio of earnings to fixed charges
|
—
|
(1)
|
—
|
(1)
|
—
|
(1)
|
—
|
(1)
|
|||||||
|
Amount of earnings deficiency for coverage of fixed charges
|
$
|
51.1
|
$
|
133.2
|
$
|
201.1
|
$
|
408.2
|
|||||||
|
(1) Less than 1.0x
|
|||||||||||||||