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Content analysis
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| Litigous | ||
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8th grade Avg
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New words:
approved, April, Bank, billion, cease, component, damage, decided, discontinue, disruption, exiting, expense, Federal, guideline, high, integral, maintained, million, Moody, personal, physical, Poor, positively, predict, program, recent, Reserve, Standard, wide, world, York
Removed:
continued, disturbance, earning
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EXHIBIT 12(b)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO THE SUPPORT AGREEMENT
BETWEEN THE COMPANY AND PACCAR
(Millions of Dollars)
|
| Nine Months Ended |
| ||||
|
| September 30 |
| ||||
|
| 2008 |
| 2007 |
| ||
FIXED CHARGES |
|
|
|
|
| ||
Interest expense |
| $ | 122.4 |
| $ | 150.2 |
|
Facility and equipment rental |
| 1.6 |
| 1.6 |
| ||
|
|
|
|
|
| ||
TOTAL FIXED CHARGES |
| $ | 124.0 |
| $ | 151.8 |
|
|
|
|
|
|
| ||
EARNINGS |
|
|
|
|
| ||
Income before taxes |
| $ | 51.4 |
| $ | 103.3 |
|
Depreciation |
| 76.2 |
| 67.2 |
| ||
|
| 127.6 |
| 170.5 |
| ||
|
|
|
|
|
| ||
FIXED CHARGES |
| 124.0 |
| 151.8 |
| ||
|
|
|
|
|
| ||
EARNINGS AS DEFINED |
| $ | 251.6 |
| $ | 322.3 |
|
|
|
|
|
|
| ||
RATIO OF EARNINGS TO FIXED CHARGES |
| 2.03X |
| 2.12X |
| ||