EX-12 3 dex12.txt STATEMENT OF COMPUTATION OF RATIO TO EARNINGS Exhibit 12 GEORGIA-PACIFIC CORPORATION AND SUBSIDIARIES STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the three months ended For the year ended -------------- ------------------------------------------------------------------------ (Unaudited) March 30, December 29, December 30, January 1, December 31, December 31, In millions 2002 2001 2000 2000 1998 1997 ================================================================================================================================== Fixed charges: Total interest expense $235 $ 1,090 $ 607 $ 432 $ 381 $ 392 One-third of rent expense 16 68 54 37 25 25 ---------------------------------------------------------------------------------------------------------------------------------- Total fixed charges 251 1,158 661 469 406 417 ---------------------------------------------------------------------------------------------------------------------------------- Add: Income (loss) from continuing operations before income taxes $ 91 (295) 553 1,164 198 (118) Interest capitalized (2) (10) (12) (6) (9) (11) ---------------------------------------------------------------------------------------------------------------------------------- 89 (305) 541 1,158 189 (129) ---------------------------------------------------------------------------------------------------------------------------------- Earnings for fixed charges $340 $ 853 $ 1,202 $ 1,627 $ 595 $ 288 ================================================================================================================================== Ratio of earnings to fixed charges 1.4 n/a 1.8x 3.5x 1.5x n/a ================================================================================================================================== Deficiency n/a $ 305 n/a n/a n/a $ 129 ==================================================================================================================================