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EXHIBIT 12
GEORGIA-PACIFIC CORPORATION AND SUBSIDIARIES
STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
(Dollar amounts in thousands)
For the year ended December 31,
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1993 1992 1991
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Fixed charges:
Total interest costs $ 516,000 $ 567,000 $ 598,000
One-third of rent expense 18,000 19,000 21,000
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Total fixed charges 534,000 586,000 619,000
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Add (deduct):
Income (loss) before income
taxes, extraordinary item and
accounting changes 23,000 (74,000) 259,000
Interest capitalized, net of
amortization 17,000 18,000 7,000
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40,000 (56,000) 266,000
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Earnings for fixed charges $ 574,000 $ 530,000 $ 885,000
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Ratio of earnings to fixed charges 1.07X .90X 1.43X
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