Exhibit 12
L-3 Communications Holdings, Inc.
and L-3 Communications Corporation
Ratio of Earnings to Fixed Charges (Unaudited)
| Year Ended December 31, | ||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||
| (In millions, except ratio of earnings to fixed charges) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Income from continuing operations before income taxes | $ | 1,055 | $ | 1,122 | $ | 1,162 | $ | 1,254 | $ | 1,134 | ||||||||||
Net income from continuing operations attributable to noncontrolling interests | (9) | (6) | (9) | (9) | (9) | |||||||||||||||
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Income from continuing operations before income taxes after noncontrolling interests | $ | 1,046 | $ | 1,116 | $ | 1,153 | $ | 1,245 | $ | 1,125 | ||||||||||
Add: | ||||||||||||||||||||
Interest expense | 172 | 193 | 226 | 257 | 268 | |||||||||||||||
Amortization of debt expense | 5 | 5 | 9 | 12 | 11 | |||||||||||||||
Interest component of rent expense | 47 | 54 | 55 | 59 | 59 | |||||||||||||||
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Earnings | $ | 1,270 | $ | 1,368 | $ | 1,443 | $ | 1,573 | $ | 1,463 | ||||||||||
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Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 172 | $ | 193 | $ | 226 | $ | 257 | $ | 268 | ||||||||||
Amortization of debt expense | 5 | 5 | 9 | 12 | 11 | |||||||||||||||
Interest component of rent expense | 47 | 54 | 55 | 59 | 59 | |||||||||||||||
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Fixed charges | $ | 224 | $ | 252 | $ | 290 | $ | 328 | $ | 338 | ||||||||||
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Ratio of earnings to fixed charges | 5.7x | 5.4x | 5.0x | 4.8x | 4.3x | |||||||||||||||
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