EX-12 4 c02378exv12.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

EXHIBIT 12
Motorola, Inc. and Subsidiaries
Computation of Fixed Charges Ratio
                                         
    Years Ended December 31,  
(In Millions)   2005     2004     2003     2002     2001  
Pretax income (loss) (1)
   $ 6,510     $ 3,223     $ 1,346       ($2,080 )     ($3,855 )
Capitalized interest
     —       —       —       —       (13 )
Fixed charges (as calculated below)
     408       453       578       682       896  
 
                              
Earnings (2)
   $ 6,918     $ 3,676     $ 1,924       ($1,398 )     ($2,972 )
 
                              
 
                                        
Fixed charges:
                                        
Interest expense
   $ 323     $ 381     $ 504     $ 609     $ 783  
Rent expense interest factor
     85       72       74       73       113  
 
                              
Total fixed charges (2)
   $ 408     $ 453     $ 578     $ 682     $ 896  
 
                              
Ratio of earnings to fixed charges
     17.0       8.1       3.3       0.0 (3)     0.0 (3)
 
                              
 
    (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)-Earnings were inadequate to cover fixed charges for the years ended December 31, 2002 and 2001 by $2.1 billion and $3.8 billion, respectively.