Exhibit 12.2
UNISYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
($ in millions)
Years Ended December 31
1997 1996 1995
1994 1993
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Income (loss) from continuing
operations before income taxes $(758.8) $ 93.7 $(781.1) $
14.6 $370.9
Add (deduct) share of loss (income)
of associated companies 5.9 (4.9) 5.0
16.6 14.5
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Subtotal (752.9) 88.8 (776.1)
31.2 385.4
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Interest expense (net of interest
capitalized) 233.2 249.7 202.1
203.7 241.7
Amortization of debt issuance
expenses 6.7 6.3 5.1
6.2 6.6
Portion of rental expense
representative of interest 56.2 59.2 65.3
65.0 70.5
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Total Fixed Charges 296.1 315.2 272.5
274.9 318.8
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Earnings (loss) from continuing
operations before income taxes,
fixed charges and preferred
stock dividend requirements $(456.8) $404.0 $(503.6)
$306.1 $704.2
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Amounts charged to income $ 296.1 $315.2 $ 272.5
$274.9 $318.8
Preferred stock dividend requirements 170.9 185.8 185.1
184.8 187.1
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Total fixed charges and preferred
stock dividend requirements $ 467.0 $501.0 $ 457.6
$459.7 $505.9
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Ratio of earnings to fixed charges
and preferred stock dividends * * *
* 1.39
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* Earnings for the years ended December 31, 1997, 1996, 1995, and 1994 were
inadequate to cover fixed charges and preferred stock dividends by
$923.8 million, $97.0 million, $961.2 million, and $153.6 million,
respectively.