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Exhibit: 12
FMC CORPORATION
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
| Six months ended June 30, | ||||||||
| 2003 | 2002 | |||||||
Earnings: | ||||||||
Income from continuing operations before income taxes | $ | 30.4 | $ | 33.1 | ||||
Minority interests | 1.1 | 1.1 | ||||||
Undistributed (earnings) losses of affiliates | 8.7 | (1.0 | ) | |||||
Interest expense and amortization of debt discount, fees and expenses | 48.7 | 32.4 | ||||||
Amortization of capitalized interest | 1.6 | 1.6 | ||||||
Interest included in rental expense | 2.6 | 2.2 | ||||||
Total earnings | $ | 93.1 | $ | 69.4 | ||||
Fixed charges: | ||||||||
Interest expense and amortization of debt discount, fees and expenses | $ | 48.7 | $ | 32.4 | ||||
Interest capitalized as part of fixed assets | 3.7 | 3.5 | ||||||
Interest included in rental expense | 2.6 | 2.2 | ||||||
Total fixed charges | $ | 55.0 | $ | 38.1 | ||||
Ratio of earnings to fixed charges | 1.7 | x | 1.8 | x | ||||
39