The Timken Company (TKR) 10-Q 2009 Q3 Quarterly report

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in thousands, except ratio amounts)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2009			2008			2009			2008
Income from continuing operations before tax	$	(11,785	)	$	193,092		$	(55,840	)	$	435,760
Share of undistributed losses from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt		491			(302	)		1,764			(1,611	)
Amortization of capitalized interest		1,202			472			2,525			1,363
Interest expense		10,319			11,003			27,188			33,375
Interest portion of rental expense		2,319			1,855			6,660			5,507
Earnings	$	2,546		$	206,120		$	(17,703	)	$	474,394
Interest	$	10,581		$	11,632		$	28,656		$	35,851
Interest portion of rental expense		2,319			1,855			6,660			5,507
Interest expense relating to guaranteed debt of 50%-or-less-owned affiliates		—			—			—			—
Fixed Charges	$	12,900		$	13,487		$	35,316		$	41,358
Ratio of Earnings to Fixed Charges		0.20			15.28			(0.50	)		11.47