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Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||
| 2011 | 2010 | 2011 | 2010 | |||||||||||||||
| Earnings: | ||||||||||||||||||
| Income (loss) before income taxes | $ | 67.3 | $ | (51.2 | ) | $ | 94.0 | $ | (200.7 | ) | ||||||||
| Adjustments: | ||||||||||||||||||
| Undistributed (income) loss of less than 50% owned investments | (1.9 | ) | 0.1 | (1.6 | ) | (0.4 | ) | |||||||||||
| Fixed charges | 46.6 | 42.7 | 120.3 | 126.5 | ||||||||||||||
| Earnings | $ | 112.0 | $ | (8.4 | ) | $ | 212.7 | $ | (74.6 | ) | ||||||||
| Fixed charges: | ||||||||||||||||||
| Interest expense, including debt discount amortization | $ | 37.1 | $ | 36.1 | $ | 93.2 | $ | 107.4 | ||||||||||
| Amortization/writeoff of debt issuance costs | 3.3 | 1.8 | 12.8 | 5.1 | ||||||||||||||
| Portion of rental expense representative of interest factor (assumed to be 33%) | 6.2 | 4.8 | 14.3 | 14.0 | ||||||||||||||
| Fixed charges | $ | 46.6 | $ | 42.7 | $ | 120.3 | $ | 126.5 | ||||||||||
| Ratio of earnings to fixed charges | 2.4 | x | — | (1) | 1.8 | x | — | (1) | ||||||||||
| Amount of earnings deficiency for coverage of fixed charges | $ | — | $ | 51.1 | $ | — | $ | 201.1 | ||||||||||
(1) Less than 1.0x | ||||||||||||||||||