EX-12 5 msiex122014.htm EXHIBIT 12 MSI EX 12 (2014)

 
 
 
 
 
 
 
 
 
Exhibit 12

Motorola Solutions, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
 
 
 
 
 
 
 
 
(In Millions)
2014
 
2013
 
2012
 
2011
 
2010
 
 
 
 
 
 
 
 
 
 
Pretax income (1)

($1,177
)
 

$869

 

$877

 

$468

 
$
380

 
 
 
 
 
 
 
 
 
 
Fixed charges (as calculated below)
155

 
128

 
164

 
260

 
256

 
 
 
 
 
 
 
 
 
 
Earnings (2) (3)

($1,005
)
 

$1021

 

$999

 

$626

 
$
622

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense

$147

 

$132

 

$105

 

$132

 

$217

 
 
 
 
 
 
 
 
 
 
Rent expense interest factor
21

 
17

 
15

 
23

 
21

 
 
 
 
 
 
 
 
 
 
Amortization of debt issuance discounts
4

 
3

 
2

 
2

 
3

 
 
 
 
 
 
 
 
 
 
Total fixed charges (2)

$172

 

$152

 

$122

 

$158

 

$241

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
N/A

(4)
6.7

 
8.2

 
4.0

 
2.6

 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
(1) After adjustments required by Item 503 (d) of SEC Regulation S-K.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2) As defined in Item 503 (d) of SEC Regulation S-K.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(3) The Company has no capitalized interest.
 
 
 
 
 
 
 
 
 
 
(4) Earnings were inadequate to cover fixed charges for the year ended December 31, 2014 by approximately $1.2 billion.