EX-12 8 d78691exv12.htm EX-12 exv12
Exhibit 12
 
Trinity Industries, Inc. and Subsidiaries
Computation of Ratio of Earnings To Fixed Charges
                                         
    For the Year Ended December 31,  
    2010     2009     2008     2007     2006  
    ($ in millions)  
Earnings:
                                       
Earnings (loss) from continuing operations before provision (benefit) for income taxes
  $ 116.5     $ (146.9 )   $ 453.8     $ 454.9     $ 343.9  
Add:
                                       
Fixed Charges
    204.3       146.3       134.3       109.3       91.4  
Amortization of capitalized interest
    0.2       0.3       0.1       0.1       0.0  
 
                             
 
                                       
Total earnings (loss) from continuing operations before provision (benefit) for income taxes
  $ 321.0     $ (0.3 )   $ 588.2     $ 564.3     $ 435.3  
 
                             
 
                                       
Fixed Charges:
                                       
Interest expense
  $ 182.1     $ 123.2     $ 109.4     $ 84.5     $ 68.7  
Portion of rental expense representative of interest
    22.2       23.1       24.9       24.8       22.7  
 
                             
 
                                       
 
    204.3       146.3       134.3       109.3       91.4  
Capitalized interest
    0.0       0.0       0.9       0.6       0.3  
 
                             
 
                                       
Total Fixed Charges
  $ 204.3     $ 146.3     $ 135.2     $ 109.9     $ 91.7  
 
                             
 
                                       
Ratio of Earnings to Fixed Charges
    1.57       0.00       4.35       5.13       4.75  
 
                             
 
Footnote:
 
Earnings for the year ended December 31, 2009 included a $325 million goodwill impairment charge. See Note 9 of the Notes to Consolidated Financial Statements for further discussion.
 
Earnings were inadequate to cover fixed charges for the year ended December 31, 2009. The deficiency for this period was $146.6 million.