EX-12 5 a2196244zex-12.htm EXHIBIT 12

Exhibit 12

 

Motorola, Inc. and Subsidiaries

Computation of Ratio Earnings to Fixed Charges

 

 

 

Years Ended December 31,

 

(In Millions)

 

2009

 

2008

 

2007

 

2006

 

2005

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss) (1)

 

$

(165

)

$

(2,644

)

$

(384

)

$

4,605

 

$

6,402

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalized interest

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges
(as calculated below)

 

266

 

287

 

439

 

411

 

407

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (2)

 

$

101

 

$

(2,357

)

$

55

 

$

5,016

 

$

6,809

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

215

 

$

227

 

$

362

 

$

330

 

$

324

 

 

 

 

 

 

 

 

 

 

 

 

 

Rent expense interest factor

 

51

 

60

 

77

 

80

 

83

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges (2)

 

$

266

 

$

287

 

$

439

 

$

411

 

$

407

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

0.4

 

N/A

(3)

0.1

 

12.2

 

16.7

 

 

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) Earnings were inadequate to cover fixed charges for the year ended December 31, 2008 by $2.6 billion