EX-12 2 ratioofearningsq22013.htm EASTMAN KODAK COMPANY RE RATION OF EARNINGS ratioofearningsq22013.htm

Exhibit (12)
 
 
Eastman Kodak Company
Computation of Ratio of Earnings to Fixed Charges
 
(in millions, except for ratio)


[

   
Three Months
  
   
Ended
  
   
June 30, 2013
  
       
Loss from continuing operations before income taxes
   $ (157 )
         
Adjustments:
        
    Interest expense
     47  
    Interest component of rental expense (1)
     12  
    Amortization of capitalized interest
     -  
Loss from continuing operations as adjusted
   $ (98 )
         
Fixed charges:
        
    Interest expense
   $ 47  
    Interest component of rental expense (1)
     12  
    Capitalized interest
     -  
    Total fixed charges
   $ 59  
         
Ratio of earnings (loss) to fixed charges
     (1.67 )
         
(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.