EX-12 5 0005.txt UNISYS CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED) ($ in millions)
Six Months Ended Years Ended December 31 June 30, ----------------------------------- 2000 1999 1998 1997 1996 1995 -------- ---- ---- ---- ---- ---- Fixed charges Interest expense $ 39.2 $127.8 $171.7 $233.2 $249.7 $202.1 Interest capitalized during the period 5.7 3.6 - - - - Amortization of debt issuance expenses 2.0 4.1 4.6 6.7 6.3 5.1 Portion of rental expense representative of interest 23.1 46.3 49.1 51.8 59.8 65.9 ------ ------ ------ ------ ------ ------ Total Fixed Charges 70.0 181.8 225.4 291.7 315.8 273.1 ------ ------ ------ ------ ------ ------ Earnings Income (loss) from continuing operations before income taxes 246.7 770.3 594.2 (748.1) 80.2 (786.0) Add (deduct) share of loss (income) of associated companies (17.7) 8.9 (.3) 5.9 (4.9) 5.0 ------ ------ ------ ------ ------- ------ Subtotal 229.0 779.2 593.9 (742.2) 75.3 (781.0) ------ ------ ------ ------ ------- ------ Fixed charges per above 70.0 181.8 225.4 291.7 315.8 273.1 Less interest capitalized during the period (5.7) (3.6) - - - - ------ ------ ------ ------ ------ ------- Total earnings (loss) $293.3 $957.4 $819.3 $(450.5)$391.1$(507.9) ====== ====== ====== ======= ====== ======= Ratio of earnings to fixed charges 4.19 5.27 3.63 * 1.24 * ====== ====== ====== ======= ====== =======
* Earnings for the years ended December 31, 1997 and 1995 were inadequate to cover fixed charges by approximately $742.2 and $781.0 million, respectively.