Attached files
| file | filename |
|---|---|
| EX-32.2 - SECTION 906 CERTIFICATION - CFO - UNISYS CORP | dex322.htm |
| EX-31.2 - SECTION 302 CERTIFICATION - CFO - UNISYS CORP | dex312.htm |
| EX-31.1 - SECTION 302 CERTIFICATION - CEO - UNISYS CORP | dex311.htm |
| EX-32.1 - SECTION 906 CERTIFICATION - CEO - UNISYS CORP | dex321.htm |
| EXCEL - IDEA: XBRL DOCUMENT - UNISYS CORP | Financial_Report.xls |
| 10-Q - FORM 10-Q - UNISYS CORP | d10q.htm |
Exhibit 12
UNISYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS (UNAUDITED)
($ in millions)
| Three Months Ended Mar. 31, |
Years Ended December 31 | |||||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
| Fixed charges |
||||||||||||||||||||||||
| Interest expense |
$ | 25.9 | $ | 101.8 | $ | 95.2 | $ | 85.1 | $ | 76.3 | $ | 77.2 | ||||||||||||
| Interest capitalized during the period |
1.3 | 9.1 | 7.5 | 9.0 | 9.1 | 9.9 | ||||||||||||||||||
| Amortization of debt issuance expenses |
.6 | 2.6 | 3.3 | 4.1 | 3.8 | 3.8 | ||||||||||||||||||
| Portion of rental expense representative of interest |
8.4 | 33.5 | 34.9 | 46.9 | 52.4 | 53.7 | ||||||||||||||||||
| Total Fixed Charges |
36.2 | 147.0 | 140.9 | 145.1 | 141.6 | 144.6 | ||||||||||||||||||
| Preferred stock dividend requirements |
1.4 | — | — | — | — | — | ||||||||||||||||||
| Total fixed charges and preferred stock dividends |
37.6 | 147.0 | 140.9 | 145.1 | 141.6 | 144.6 | ||||||||||||||||||
| Earnings |
||||||||||||||||||||||||
| Income (loss) from continuing operations before income taxes |
(7.8 | ) | 222.9 | 218.2 | (97.6 | ) | 14.8 | (228.9 | ) | |||||||||||||||
| Add (deduct) the following: |
||||||||||||||||||||||||
| Share of loss of associated companies |
— | — | — | — | — | 4.5 | ||||||||||||||||||
| Amortization of capitalized interest |
1.9 | 9.1 | 11.6 | 16.1 | 14.5 | 13.7 | ||||||||||||||||||
| Subtotal |
(5.9 | ) | 232.0 | 229.8 | (81.5 | ) | 29.3 | (210.7 | ) | |||||||||||||||
| Fixed charges per above |
36.2 | 147.0 | 140.9 | 145.1 | 141.6 | 144.6 | ||||||||||||||||||
| Less interest capitalized during the period |
(1.3 | ) | (9.1 | ) | (7.5 | ) | (9.0 | ) | (9.1 | ) | (9.9 | ) | ||||||||||||
| Total earnings (loss) |
$ | 29.0 | $ | 369.9 | $ | 363.2 | $ | 54.6 | $ | 161.8 | $ | (76.0 | ) | |||||||||||
| Ratio of earnings to fixed charges |
* | 2.52 | 2.58 | * | 1.14 | * | ||||||||||||||||||
| Ratio of earnings to fixed charges and preferred stock dividends |
** | 2.52 | 2.58 | ** | 1.14 | ** | ||||||||||||||||||
| * | Earnings for the three months ended March 31, 2011 and for the years ended December 31, 2008 and 2006 were inadequate to cover fixed charges by $7.2 million, $90.5 million and $220.6 million, respectively. |
| ** | Earnings for the three months ended March 31, 2011 and for the years ended December 31, 2008 and 2006 were inadequate to cover fixed charges and preferred stock dividends by $8.6 million, $90.5 million and $220.6 million, respectively. |