Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - CONVERGYS CORP | Financial_Report.xls |
| EX-4.5 - EXHIBIT 4.5 - CONVERGYS CORP | cvg123114ex45.htm |
| EX-21 - EXHIBIT 21 - CONVERGYS CORP | cvg123114ex21.htm |
| EX-31.1 - EXHIBIT 31.1 - CONVERGYS CORP | cvg123114ex311.htm |
| EX-32.1 - EXHIBIT 32.1 - CONVERGYS CORP | cvg123114ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - CONVERGYS CORP | cvg123114ex312.htm |
| EX-32.2 - EXHIBIT 32.2 - CONVERGYS CORP | cvg123114ex322.htm |
| EX-10.22 - EXHIBIT 10.22 - CONVERGYS CORP | cvg123114ex1022.htm |
| EX-23 - EXHIBIT 23 - CONVERGYS CORP | cvg12312014ex23.htm |
| EX-10.24 - EXHIBIT 10.24 - CONVERGYS CORP | cvg123114ex1024.htm |
| EX-24 - EXHIBIT 24 - CONVERGYS CORP | cvg12312014ex24.htm |
| 10-K - 10-K - CONVERGYS CORP | cvg20141231-10k.htm |
Exhibit 12 - Ratio of Earnings to Fixed Charges
CONVERGYS CORPORATION
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
(Amounts in millions)
For the Twelve Months Ended | For the Twelve Months Ended | For the Twelve Months Ended | For the Twelve Months Ended | For the Twelve Months Ended | |||||||||||||
12/31/2014 | 12/31/2013 | 12/31/2012 | 12/31/2011 | 12/31/2010 | |||||||||||||
Income (loss) from Continuing Operations, net of tax | $ | 116.5 | $ | 58.5 | $ | 28.2 | $ | 282.5 | $ | (109.8 | ) | ||||||
Income tax expense (benefit) | 12.8 | 72.5 | 1.1 | 106.5 | (7.5 | ) | |||||||||||
Adjustment for undistributed losses/(income) of partnerships, net of distributions | — | — | — | 10.5 | (11.5 | ) | |||||||||||
Interest expense | 19.3 | 11.5 | 13.6 | 16.1 | 19.5 | ||||||||||||
Portion of rental expense deemed interest | 41.7 | 27.0 | 22.0 | 20.4 | 20.5 | ||||||||||||
Total earnings | $ | 190.3 | $ | 169.5 | $ | 64.9 | $ | 436.0 | $ | (88.8 | ) | ||||||
Fixed Charges: | |||||||||||||||||
Interest expense | $ | 19.3 | $ | 11.5 | $ | 13.6 | $ | 16.1 | $ | 19.5 | |||||||
Portion of rental expense deemed interest | 41.7 | 27.0 | 22.0 | 20.4 | 20.5 | ||||||||||||
Total fixed charges | $ | 61.0 | $ | 38.5 | $ | 35.6 | $ | 36.5 | $ | 40.0 | |||||||
Ratio of Earnings to Fixed Charges | 3.1 | 4.4 | 1.8 | 11.9 | (A) | ||||||||||||
(A) Deficiency Ratio - Due to the loss from continuing operations, the Ratio of Earnings to Fixed Charges was less than 1x. To achieve a ratio of 1x, additional total earnings of $128.8 would have been required for the twelve months ended December 31, 2010.