Exhibit 12(a)
UNITED RENTALS, INC.
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | |||||||||||||||
1999 | 2000 | 2001 | 2002 | 2003 | |||||||||||
(dollars in thousands) | |||||||||||||||
Earnings: | |||||||||||||||
Income before provision for income taxes and extraordinary items | 241,807 | 301,496 | 196,474 | (101,384 | ) | (326,521 | ) | ||||||||
Interest expense | 139,828 | 228,779 | 221,563 | 195,961 | 209,328 | ||||||||||
Amortization of debt issuance costs | 4,154 | 6,880 | 9,468 | 10,080 | 12,387 | ||||||||||
Interest portion of rent expense | 21,833 | 67,836 | 83,609 | 92,614 | 88,098 | ||||||||||
“Earnings” | 407,622 | 604,991 | 511,114 | 197,271 | (16,709 | ) | |||||||||
Fixed charges: | |||||||||||||||
Interest expense | 139,828 | 228,779 | 221,563 | 195,961 | 209,328 | ||||||||||
Amortization of debt issuance costs | 4,154 | 6,880 | 9,468 | 10,080 | 12,387 | ||||||||||
Interest portion of rent expense | 21,833 | 67,836 | 83,609 | 92,614 | 88,098 | ||||||||||
“Fixed Charges” | 165,815 | 303,495 | 314,640 | 298,655 | 309,813 | ||||||||||
Ratio of earnings to fixed charges | 2.5 | x | 2.0 | x | 1.6 | x | 0.7 | x | (0.1 | )x |