EX-12 2 ratioofearnings3q2012.htm EASTMAN KODAK COMPANY RE: RATIO OF EARNINGS ratioofearnings3q2012.htm

Exhibit (12)

 
Eastman Kodak Company
Computation of Ratio of Earnings to Fixed Charges
(in millions, except for ratio)
 

   
Nine Months
  
   
Ended
  
   
September 30, 2012
  
       
Loss from continuing operations before income taxes
   $ (987 )
         
Adjustments:
        
    Interest expense
     117  
    Interest component of rental expense  (1)
     22  
    Amortization of capitalized interest
     -  
    Loss from continuing operations as adjusted
   $ (848 )
         
Fixed charges:
        
    Interest expense
   $ 117  
    Interest component of rental expense  (1)
     22  
    Capitalized interest
     -  
    Total fixed charges
   $ 139  
         
Ratio of earnings to fixed charges
     *  
         
(1) Interest component of rental expense is estimated to equal 1/3 of such expense, which is considered a reasonable approximation of the interest factor.
 
  
* Earnings for the nine months ended September 30, 2012 were inadequate to cover fixed charges. The coverage deficiency was $987 million.