Exhibit 12.2
IMC Global Inc.
Computation of Ratio of Earnings to Fixed Charges
| Nine Months ended September 30 | Years ended December 31 | ||||||||||||||||||||||||||
| 2004 | 2003 | 2003 | 2002 | 2001 | 2000 | 1999 | |||||||||||||||||||||
Fixed charges: | |||||||||||||||||||||||||||
Interest charges | $ | 142.3 | $ | 138.8 | $ | 185.7 | $ | 174.2 | $ | 152.3 | $ | 112.6 | $ | 111.4 | |||||||||||||
Net amortization of debt discount and premium and issuance expense | 7.0 | 6.0 | 8.2 | 8.5 | 8.4 | 5.4 | 5.7 | ||||||||||||||||||||
Interest portion of rental expense | 5.3 | 6.3 | 8.0 | 8.0 | 6.7 | 5.0 | 6.4 | ||||||||||||||||||||
Total fixed charges | $ | 154.6 | $ | 151.1 | $ | 201.9 | $ | 190.7 | $ | 167.4 | $ | 123.0 | $ | 123.5 | |||||||||||||
Earnings: | |||||||||||||||||||||||||||
Earnings (loss) from continuing operations before minority interest | $ | (20.5 | ) | $ | (104.3 | ) | $ | (107.8 | ) | $ | (0.2 | ) | $ | (93.1 | ) | $ | 118.7 | $ | (390.0 | ) | |||||||
Interest charges | 142.3 | 138.8 | 185.7 | 174.2 | 152.3 | 112.6 | 111.4 | ||||||||||||||||||||
Net amortization of debt discount and premium and issuance expense | 7.0 | 6.0 | 8.2 | 8.5 | 8.4 | 5.4 | 5.7 | ||||||||||||||||||||
Interest portion of rental expense | 5.3 | 6.3 | 8.0 | 8.0 | 6.7 | 5.0 | 6.4 | ||||||||||||||||||||
Total earnings (loss) | $ | 134.1 | $ | 46.8 | $ | 94.1 | $ | 190.5 | $ | 74.3 | $ | 241.7 | $ | (266.5 | ) | ||||||||||||
Ratio of earnings to fixed chargesa | 0.9 | 0.3 | 0.5 | 1.0 | 0.4 | 2.0 | (2.2 | ) | |||||||||||||||||||
| a | The Company’s earnings were insufficient to cover fixed charges by $20.5 million and $104.3 million for the nine months ended September 30, 2004 and 2003, respectively and $107.8 million, $93.1 million and $390.0 million for the years ended December 31, 2003, 2001 and 1999, respectively. |