EX-12.1 7 ex12-1.txt EXHIBIT 12.1 1 Exhibit 12.1 CONVERGYS CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (MILLIONS OF DOLLARS)
Three Months Ended Year Ended December 31, March 31, -------------------------------------------------------------- 2000 1999 1998 1997 1996 1995 ---- ---- ---- ---- ---- ---- Earnings Income (loss) before income taxes, extraordinary charges and cumulative effect of change in accounting principle $72.3 $222.5 $130.6 $130.6 $124.8 $19.4 Adjustment for undistributed (income) losses of partnerships (5.8) 2.2 (25.1) (2.1) (5.1) (5.6) Interest expense 8.1 32.5 33.9 5.4 6.0 7.4 Portion (1/3) of rental expense deemed interest 8.6 36.8 39.1 31.6 25.5 20.3 ----- ------ ------ ------ ------ ----- Total earnings $83.2 $294.0 $178.5 $165.5 $151.2 $41.5 ===== ====== ====== ====== ====== ===== Fixed charges Interest expense $8.1 $32.5 $33.9 $5.4 $6.0 $7.4 Portion (1/3) of rental expense deemed interest 8.6 36.8 39.1 31.6 25.5 20.3 Total fixed charges $16.7 $69.3 $73.0 $37.0 $31.5 $27.7 ===== ====== ====== ====== ====== ===== Ratio of earnings to fixed charges 4.98 4.24 2.45 4.47 4.80 1.50