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Exhibit 12
THE HERTZ CORPORATION
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS
TO FIXED CHARGES (UNAUDITED)
(In Millions of Dollars Except Ratios)
| Years ended December 31, | |||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||
| Income (loss) before income taxes | $ | 502.9 | $ | 373.9 | $ | 32.3 | $ | (150.1 | ) | $ | (1,416.6 | ) | |||||||
| Interest expense | 597.8 | 650.3 | 726.5 | 653.7 | 870.5 | ||||||||||||||
| Portion of rent estimated to represent the interest factor | 146.1 | 146.1 | 141.9 | 149.9 | 155.7 | ||||||||||||||
| Earnings (loss) before income taxes and fixed charges | $ | 1,246.8 | $ | 1,170.3 | $ | 900.7 | $ | 653.5 | $ | (390.4 | ) | ||||||||
| Interest expense (including capitalized interest) | $ | 604.4 | $ | 652.4 | $ | 727.4 | $ | 654.9 | $ | 873.3 | |||||||||
| Portion of rent estimated to represent the interest factor | 146.1 | 146.1 | 141.9 | 149.9 | 155.7 | ||||||||||||||
| Fixed charges | $ | 750.5 | $ | 798.5 | $ | 869.3 | $ | 804.8 | $ | 1,029.0 | |||||||||
| Ratio of earnings to fixed charges | 1.7 | 1.5 | 1.0 | (a) | (a) | ||||||||||||||
__________________________________
| (a) | Earnings (loss) before income taxes and fixed charges for the years ended December 31, 2009 and 2008 were inadequate to cover fixed charges for the period by $151.3 million and $1,419.4 million, respectively. |