EX-12 3 dex12.htm STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS Prepared by R.R. Donnelley Financial -- Statements of Computation of Ratio of Earnings
EXHIBIT 12
GEORGIA-PACIFIC CORPORATION AND SUBSIDIARIES
 
STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
    
For the year ended
  
(Unaudited)
In millions
   
December 29, 2001
     
December 30, 2000
     
January 1, 2000
  
Fixed charges:
                           
Total interest (including $11, $11, and $6 capitalized in 2001, 2000 and 1999, respectively)
   
$
1,146
 
   
$
664
 
   
$
432
 
One-third of rent expense
   
 
68
 
   
 
54
 
   
 
37
 
    
  
  
Total fixed charges
   
 
1,214
 
   
 
718
 
   
 
469
 
    
  
  
Add:
                           
(Loss) income before income taxes and extraordinary item
   
 
(295
)
   
 
553
 
   
 
1,164
 
Interest capitalized
   
 
(11
)
   
 
(11
)
   
 
(6
)
    
  
  
    
 
(306
)
   
 
542
 
   
 
1,158
 
    
  
  
Earnings for fixed charges
   
$
908
 
   
$
1,260
 
   
$
1,627
 
    
  
  
Ratio of earnings to fixed charges
   
 
(a)
 
   
 
1.75
x
   
 
3.47
x
    
  
  
(a)
 
In fiscal 2001 fixed charges exceed earnings by $306 million