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New words:
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amended, consolidating, direct, fourth, index, indirect, noted, personal, quarterly, remained, short, unconditionally
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Exhibit 12
FMC CORPORATION
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(in Millions, Except Ratios) | Six months Ended June 30, | ||||||
2005 | 2004 | ||||||
Earnings: | |||||||
Income from continuing operations before income taxes | $ | 107.3 | $ | 59.6 | |||
Minority interests | 3.1 | 1.0 | |||||
Undistributed losses (earnings) of affiliates | (7.5 | ) | 10.0 | ||||
Interest expense and amortization of debt discount, fees and expenses | 34.0 | 41.0 | |||||
Amortization of capitalized interest | 2.0 | 1.9 | |||||
Interest included in rental expense | 1.7 | 2.4 | |||||
Total earnings | $ | 140.6 | $ | 115.9 | |||
Fixed charges: | |||||||
Interest expense and amortization of debt discount, fees and expenses | $ | 34.0 | $ | 41.0 | |||
Interest capitalized as part of fixed assets | 0.9 | 2.8 | |||||
Interest included in rental expense | 1.7 | 2.4 | |||||
Total fixed charges | $ | 36.6 | $ | 46.2 | |||
Ratio of earnings to fixed charges | 3.8x | 2.5x | |||||