EX-12 5 dex12.htm STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratios of Earnings to Fixed Charges

Exhibit: 12

 

FMC CORPORATION

 

STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 

    

Nine Months Ended

September 30,


(in Millions, Except Ratios)    2004

   2003

Earnings:

             

Income from continuing operations before income taxes

   $ 96.9    $ 15.9

Minority interests

     2.1      1.5

Undistributed losses of affiliates

     6.2      57.5

Interest expense and amortization of debt discount, fees and expenses

     60.9      71.7

Amortization of capitalized interest

     2.9      2.4

Interest included in rental expense

     4.1      4.0
    

  

Total earnings

   $ 173.1    $ 153.0
    

  

Fixed charges:

             

Interest expense and amortization of debt discount, fees and expenses

   $ 60.9    $ 71.7

Interest capitalized as part of fixed assets

     3.9      5.8

Interest included in rental expense

     4.1      4.0
    

  

Total fixed charges

   $ 68.9    $ 81.5
    

  

Ratio of earnings to fixed charges

     2.5x      1.9x