Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - UNISYS CORP | Financial_Report.xls |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - UNISYS CORP | d320049dex312.htm |
| EX-32.1 - SECTION 906 CEO CERTIFICATION - UNISYS CORP | d320049dex321.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - UNISYS CORP | d320049dex311.htm |
| EX-32.2 - SECTION 906 CFO CERTIFICATION - UNISYS CORP | d320049dex322.htm |
| 10-Q - FORM 10-Q - UNISYS CORP | d320049d10q.htm |
Exhibit 12
UNISYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS (UNAUDITED)
($ in millions)
| Three Months Ended |
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| Mar. 31, 2012 |
Years Ended December 31 | |||||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||
| Fixed charges |
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| Interest expense |
$ | 9.3 | $ | 63.1 | $ | 101.8 | $ | 95.2 | $ | 85.1 | $ | 76.3 | ||||||||||||
| Interest capitalized during the period |
1.7 | 4.9 | 9.1 | 7.5 | 9.0 | 9.1 | ||||||||||||||||||
| Amortization of debt issuance expenses |
.4 | 1.9 | 2.6 | 3.3 | 4.1 | 3.8 | ||||||||||||||||||
| Portion of rental expense representative of interest |
7.0 | 32.6 | 33.5 | 34.9 | 46.9 | 52.4 | ||||||||||||||||||
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| Total Fixed Charges |
18.4 | 102.5 | 147.0 | 140.9 | 145.1 | 141.6 | ||||||||||||||||||
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| Preferred stock dividend requirements (a) |
4.0 | 13.5 | — | — | — | — | ||||||||||||||||||
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| Total fixed charges and preferred stock dividends |
22.4 | 116.0 | 147.0 | 140.9 | 145.1 | 141.6 | ||||||||||||||||||
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| Earnings |
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| Income (loss) from continuing operations before income taxes |
41.9 | 206.0 | 222.9 | 218.2 | (97.6 | ) | 14.8 | |||||||||||||||||
| Add amortization of capitalized interest |
1.8 | 7.4 | 9.1 | 11.6 | 16.1 | 14.5 | ||||||||||||||||||
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| Subtotal |
43.7 | 213.4 | 232.0 | 229.8 | (81.5 | ) | 29.3 | |||||||||||||||||
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| Fixed charges per above |
18.4 | 102.5 | 147.0 | 140.9 | 145.1 | 141.6 | ||||||||||||||||||
| Less interest capitalized during the period |
(1.7 | ) | (4.9 | ) | (9.1 | ) | (7.5 | ) | (9.0 | ) | (9.1 | ) | ||||||||||||
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| Total earnings |
$ | 60.4 | $ | 311.0 | $ | 369.9 | $ | 363.2 | $ | 54.6 | $ | 161.8 | ||||||||||||
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| Ratio of earnings to fixed charges |
3.28 | 3.03 | 2.52 | 2.58 | * | 1.14 | ||||||||||||||||||
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| Ratio of earnings to fixed charges and preferred stock dividends |
2.88 | 2.80 | 2.52 | 2.58 | ** | 1.14 | ||||||||||||||||||
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| (a) | Amounts have not been grossed up for income taxes since the preferred stock was issued by the U.S. parent corporation which has a full valuation allowance against its net deferred tax assets. |
| * | Earnings for the year ended December 31, 2008 were inadequate to cover fixed charges by $90.5 million. |
| ** | Earnings for the year ended December 31, 2008 were inadequate to cover fixed charges and preferred stock dividends by $90.5 million. |