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Removed:
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Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
| Three Months Ended March 31, | |||||||||
| 2012 | 2011 | ||||||||
| Earnings: | |||||||||
| Income (loss) before income taxes | $ | 30.4 | $ | 10.2 | |||||
| Adjustments: | |||||||||
| Undistributed (income) loss of less than 50% owned investments | (0.5 | ) | 0.6 | ||||||
| Fixed charges | 49.7 | 39.8 | |||||||
| Earnings | $ | 79.6 | $ | 50.6 | |||||
| Fixed charges: | |||||||||
| Interest expense, including debt discount amortization | $ | 40.5 | $ | 28.2 | |||||
| Amortization/writeoff of debt issuance costs | 2.4 | 7.9 | |||||||
| Portion of rental expense representative of interest factor (assumed to be 33%) | 6.8 | 3.7 | |||||||
| Fixed charges | $ | 49.7 | $ | 39.8 | |||||
| Ratio of earnings to fixed charges | 1.6 | x | 1.3 | x | |||||
| Amount of earnings deficiency for coverage of fixed charges | $ | — | $ | — | |||||