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EXHIBIT 12
MSX INTERNATIONAL, INC. AND CONSOLIDATED SUBSIDIARES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
FISCAL FISCAL FISCAL
PREDECESSOR YEAR YEAR NINE MONTHS
---------------------------------- ENDED ENDED ENDED
YEAR ENDED DECEMBER 31, DECEMBER 28, JANUARY 3, OCTOBER 3,
----------------------------------
1994 1995 1996 1997 1999 1999
---- ---- ---- ---- ---- ----
(unaudited)
Earnings before income taxes and
fixed charges:
Income from continuing operations
before income taxes $ 8,540 $ 10,240 $ 6,620 $ (2,748) $ 5,839 $ 14,272
Add interest on indebtedness, net 920 1,470 1,310 12,400 16,906 14,874
Add amortization of debt issuance costs -- -- -- -- 510 475
Add estimated interest factor
for rentals 1,800 2,733 1,800 5,867 7,442 5,279
-------- -------- -------- -------- -------- --------
Earnings before income taxes and
fixed charges $ 11,260 $ 14,443 $ 9,730 $ 15,519 $ 30,697 $ 34,900
======== ======== ======== ======== ======== ========
Fixed charges:
Interest on indebtedness, net $ 920 $ 1,470 $ 1,310 $ 12,400 $ 16,906 $ 14,874
Amortization of debt issuance costs -- -- -- -- 510 475
Estimated interest factor for rentals 1,800 2,733 1,800 5,867 7,442 5,279
-------- -------- -------- -------- -------- --------
$ 2,720 $ 4,203 $ 3,110 $ 18,267 $ 24,858 $ 20,628
======== ======== ======== ======== ======== ========
Ratio of earnings to fixed charges 4.1 3.4 3.1 (a) 1.2 1.7
(a) Earnings were insufficient to cover fixed charges by $2.7 million for the
fiscal year ended December 28, 1997.
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