EX-12 4 serv-20141231ex1201d5b4d.htm EX-12 Exhibit 12

Exhibit 12

 

RATIOS OF EARNINGS TO FIXED CHARGES

 

Our consolidated ratios of earnings to fixed charges are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2014

 

2013

 

2012

 

2011

 

2010

Holdings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

1.38

 

1.35

 

(a)

 

(b)

 

(c)

SvM:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

1.39

 

1.35

 

(a)

 

(b)

 

(c)

 

(a)

For purposes of the ratio calculation, the deficiency in our earnings to achieve a one-to-one ratio of earnings to fixed charges for the year ended December 31, 2012 for Holdings and SvM was $26 million and $25 million, respectively. For purposes of calculating our ratio of earnings to fixed charges for the year ended December 31, 2012, fixed charges for Holdings and SvM were $245 million.

(b)

For purposes of the ratio calculation, the deficiency in our earnings to achieve a one-to-one ratio of earnings to fixed charges for the year ended December 31, 2011  for Holdings and SvM was $13 million and $21 million, respectively. For purposes of calculating our ratio of earnings to fixed charges for the year ended December 31, 2011,  fixed charges for Holdings and SvM were $266 million and $273 million, respectively.

(c)

For purposes of the ratio calculation, the deficiency in our earnings to achieve a one-to-one ratio of earnings to fixed charges for the year ended December 31, 2010  for Holdings and SvM was $79 million and $86 million, respectively. For purposes of calculating our ratio of earnings to fixed charges for the year ended December 31, 2010,  fixed charges for Holdings and SvM were $280 million and $287 million, respectively.