EX-12.(A) 3 dex12a.htm STATEMENT RE COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Statement re computation of ratios of earnings to fixed charges

Exhibit 12(a)

 

UNITED RENTALS, INC.

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

     Year Ended December 31,

 
     1999

    2000

    2001

    2002

    2003

 
     (dollars in thousands)  

Earnings:

                              

Income before provision for income taxes and extraordinary items

   241,807     301,496     196,474     (101,384 )   (326,521 )

Interest expense

   139,828     228,779     221,563     195,961     209,328  

Amortization of debt issuance costs

   4,154     6,880     9,468     10,080     12,387  

Interest portion of rent expense

   21,833     67,836     83,609     92,614     88,098  
    

 

 

 

 

“Earnings”

   407,622     604,991     511,114     197,271     (16,709 )

Fixed charges:

                              

Interest expense

   139,828     228,779     221,563     195,961     209,328  

Amortization of debt issuance costs

   4,154     6,880     9,468     10,080     12,387  

Interest portion of rent expense

   21,833     67,836     83,609     92,614     88,098  
    

 

 

 

 

“Fixed Charges”

   165,815     303,495     314,640     298,655     309,813  

Ratio of earnings to fixed charges

   2.5 x   2.0 x   1.6 x   0.7 x   (0.1 )x