Terex (TEX) 10-Q2010 Q2 Quarterly report

Filed: 30 Jul 10, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: acquisitionscontributed, actuarial, alf, analytical, Arabia, Asia, au, ave, beneficial, bolstered, bright, busine, cally, ce, cha, Changzhou, concert, coordinate, dealer, debarred, deleted, demonstrate, Department, dispute, dited, doubled, duty, ear, East, encounter, enhanced, EPS, ere, experien, fol, foregoing, FV, gai, gh, grew, GSA, han, histori, imp, ineligible, isolate, isolation, job, Justice, lly, lt, Maschinen, mat, monetary, newly, ng, ning, notification, nsitive, nvested, ork, partia, passage, permissi, portfolio, posting, pr, prone, prototype, quar, quotation, remaini, resu, rou, rship, running, Russian, Saudi, spot, stat, stationary, staying, substitute, subtracted, suggest, synch, ter, threshold, titled, trough, ultimately, undercarriage, ure, view, violation

Removed: aggressively, ago, application, audited, began, cancelled, collectibility, cooperating, deferring, driver, drove, effort, experiencing, gaining, generation, indenture, input, planned, proxy, rose, Simplicity, Waverly

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

TEX similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12

TEREX CORPORATION

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

(amounts in millions)

	Three Months Ended June 30,						Six Months Ended June 30,
	2010			2009			2010			2009
Earnings:
Loss before income taxes	$	(35.3	)	$	(138.6	)	$	(149.5	)	$	(275.1	)

Adjustments:
Undistributed (income) loss of less than 50% owned investments		(0.3	)		(0.5	)		(0.5	)		0.1
Fixed charges		41.7			34.5			83.8			63.4

Earnings	$	6.1		$	(104.6	)	$	(66.2	)	$	(211.6	)

Fixed charges:
Interest expense, including debt discount amortization	$	35.4		$	25.2		$	71.3		$	48.6
Amortization/writeoff of debt issuance costs		1.7			4.5			3.3			5.4
Portion of rental expense representative of interest factor (assumed to be 33%)		4.6			4.8			9.2			9.4

Fixed charges	$	41.7		$	34.5		$	83.8		$	63.4

Ratio of earnings to fixed charges		—	(1)		—	(1)		—	(1)		—	(1)

Amount of earnings deficiency for coverage of fixed charges	$	35.6		$	139.1		$	150.0		$	275.0

(1) Less than 1.0x