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EXHIBIT 12
MSX INTERNATIONAL, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
HISTORICAL PRO FORMA
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FISCAL FISCAL FISCAL YEAR FISCAL QUARTER
YEAR ENDED DECEMBER 31 YEAR ENDED QUARTER ENDED ENDED ENDED
------------------------------ December 28, MARCH 29, DECEMBER 28, MARCH 29,
1993 1994 1995 1996 1997 1998 1997 1998
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(Thousands of Dollars)
Earnings Before Income Taxes and Fixed
Charges:
Income from continuing operations
before income taxes................... $ 6,997 $ 8,540 $10,240 $ 6,620 $(2,748) $ 748 $ 394 $ 561
Add interest on indebtedness, net....... 308 920 1,470 1,310 12,400 4,240 14,803 4,347
Add amortization of debt expense........ - - - - - 73 610 153
Add estimated interest factor for
rentals............................... 2,054 1,800 2,733 1,800 5,867 1,232 5,867 1,232
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Earnings before income taxes and fixed
charges............................... $ 9,359 $11,260 $14,443 $ 9,730 $15,519 $ 6,293 $21,674 $ 6,293
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Fixed charges:
Interest on indebtedness................ $ 308 $ 920 $ 1,470 $ 1,310 $12,400 $ 4,240 $14,803 $ 4,347
Amortization of debt expense............ - - - - - 73 610 153
Estimated interest factor for rentals... 2,054 1,800 2,733 1,800 5,867 1,232 5,867 1,232
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$ 2,362 $ 2,720 $ 4,203 $ 3,110 $18,267 $ 5,545 $21,280 $ 5,732
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Ratio of earnings to fixed charges......... 4.0 4.1 3.4 3.1 (a) 1.1 1.0 1.1
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(a) Earnings were insufficient to cover fixed charges by $2.7 million for the
fiscal year ended December 28, 1997.