EX-12 6 d25869_ex12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Comdisco, Inc.and Subsidiaries Exhibit 12.00 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (dollars in millions)
Six months ended March 31, For the years ended September 30, 2001 2000 2000 1999 1998 1997 1996 ------- -------- ------- ------- ------- ------- ------- Fixed charges Interest expense $ 204 $ 178 $ 384 $ 341 $ 329 $ 301 $ 267 Approximate portion of rental expense representative of an interest factor 4 3 7 6 5 4 7 ------- -------- ------- ------- ------- ------- ------- Fixed charges 208 181 391 347 334 305 274 Earnings from continuing operations before income taxes,net of preferred stock dividends 129 205 413 116 237 201 176 ------- -------- ------- ------- ------- ------- ------- Earnings from continuing operations before income taxes and fixed charges $ 337 $ 386 $ 804 $ 463 $ 571 $ 506 $ 450 ======= ======== ======= ======= ======= ======= ======= Ratio of earnings to fixed charges 1.62 2.13 2.06 1.33 1.71 1.66 1.64 ======= ======== ======= ======= ======= ======= ======= Rental expense: Equipment subleases $ -- $ 2 $ 3 $ 4 $ 5 $ 6 $ 14 Office space, furniture, etc. 11 8 17 14 9 7 8 ------- -------- ------- ------- ------- ------- ------- Total $ 11 $ 10 $ 20 $ 18 $ 14 $ 13 $ 22 ======= ======== ======= ======= ======= ======= ======= 1/3 of rental expense $ 4 $ 3 $ 7 $ 6 $ 5 $ 4 $ 7 ======= ======== ======= ======= ======= ======= ======= Includes interest expense incurred by technology services and included in technology services expense on the consolidated statements of earnings. The fiscal 2000 and 1999 periods include interest expense incurred by discontinued operations and included in the loss on discontinued operations on the consolidated statements of earnings.