EX-12 4 dex12.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Prepared by R.R. Donnelley Financial -- COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Exhibit 12
 
Electronic Data Systems Corporation
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
(dollars in millions)
 
    
Years Ended December 31,
  
    
2001
     
2000
     
1999
     
1998
     
1997
  
Fixed charges:
                                             
Interest and related charges on debt and redeemable preferred stock dividends of subsidiaries
   
$
247
 
   
$
210
 
   
$
150
 
   
$
133
 
   
$
190
 
Portion of rentals deemed to be interest
   
 
352
 
   
 
319
 
   
 
352
 
   
 
301
 
   
 
217
 
    
  
  
  
  
Total fixed charges
   
 
599
 
   
 
529
 
   
 
502
 
   
 
434
 
   
 
407
 
    
  
  
  
  
Earnings available for fixed charges:
                                             
Income before income taxes and cumulative effect of a change in accounting principle
   
 
2,199
 
   
 
1,800
 
   
 
658
 
   
 
1,134
 
   
 
1,142
 
Minority interest in consolidated subsidiaries and (income) losses of equity investees
   
 
(9
)
   
 
(4
)
   
 
(7
)
   
 
(12
)
   
 
(9
)
    
  
  
  
  
Subtotal
   
 
2,190
 
   
 
1,796
 
   
 
651
 
   
 
1,122
 
   
 
1,133
 
Total fixed charges per above
   
 
599
 
   
 
529
 
   
 
502
 
   
 
434
 
   
 
407
 
    
  
  
  
  
Earnings available for fixed charges
   
$
2,789
 
   
$
2,325
 
   
$
1,153
 
   
$
1,556
 
   
$
1,540
 
    
  
  
  
  
Ratio of earnings to fixed charges
   
 
4.7
 
   
 
4.4
 
   
 
2.3
 
   
 
3.6
 
   
 
3.8