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10-Q/A - 10-Q/A - TIMKEN COtkr-9302012x10qa.htm
EX-32 - EXHIBIT - TIMKEN COtkr-9302012x10qaex32.htm
EX-31.1 - EXHIBIT - TIMKEN COtkr-9302012x10qaex311.htm
EX-31.2 - EXHIBIT - TIMKEN COtkr-9302012x10qaex312.htm
EX-10.1 - EXHIBIT - TIMKEN COtkr-9302012x10qaex101.htm


EXHIBIT 12

COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)


 
 
Nine Months Ended
September 30,
 
 Years Ended December 31,
 
 
2012
2011
 
2011
2010
2009
2008
2007
Income (loss) from continuing operations before tax
 
661.5

537.3

 
696.8

405.5

(94.2
)
439.6

264.7

Share of undistributed (losses) income from
 
 
 
 
 
 
 
 
 
50%-or-less-owned affiliates, excluding
 
 
 
 
 
 
 
 
 
  affiliates with guaranteed debt
 
(0.3
)
0.1

 
0.5

(0.2
)
0.9

(1.4
)
1.3

Amortization of capitalized interest
 
1.5

1.5

 
2.0

2.0

1.9

1.8

1.4

Interest expense
 
24.0

28.2

 
36.8

38.2

41.9

44.4

42.3

Interest portion of rental expense
 
6.4

5.4

 
7.2

8.0

8.5

8.7

7.5

Earnings (loss)
 
693.1

572.5

 
743.3

453.5

(41.0
)
493.1

317.2

 
 
 
 
 
 
 
 
 
 
Interest
 
26.9

28.6

 
38.0

38.9

43.7

47.4

48.0

Interest portion of rental expense
 
6.4

5.4

 
7.2

8.0

8.5

8.7

7.5

Fixed Charges
 
33.3

34.0

 
45.2

46.9

52.2

56.1

55.5

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
20.81

16.84

 
16.44

9.67

-0.79

8.79

5.72