EXHIBIT 12
JLG INDUSTRIES, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS)
NINE MONTHS ENDED
YEAR ENDED JULY 31, APRIL 30,
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1997 1998 1999 2000 2001 2001 2002
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EARNINGS
Net income $46,148 $46,510 $61,271 $60,507 $34,206 $28,565 $4,536
Income tax provision 25,090 23,960 29,745 35,536 20,091 16,776 2,235
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Earnings 71,238 70,470 91,016 96,043 54,297 45,341 6,771
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FIXED CHARGES
Interest expense 362 254 1,772 21,169 22,195 16,443 11,710
Portion of rental
expense representative
of interest factor 776 701 705 1,113 2,082 1,625 2,295
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Fixed charges 1,138 955 2,477 22,282 24,277 18,068 14,005
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CAPITALIZED INTEREST -- -- -- (580) -- -- --
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EARNINGS BEFORE INCOME
TAX PROVISION AND FIXED
CHARGES $72,376 $71,425 $93,493 $117,745 $78,574 $63,409 $20,776
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RATIO OF EARNINGS TO
FIXED CHARGES 63.6x 74.8x 37.7x 5.3x 3.2x 3.5x 1.5x
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