Comdisco, Inc. and Subsidiaries Exhibit 12.00
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in millions)
For the years ended September 30,
--------------------------------
2000 1999 1998 1997 1996
---- ---- ---- ---- ----
Fixed charges
Interest expense <F1>..................... $384 $341 $329 $301 $267
Approximate portion of
rental expense representative
of an interest factor .................. 7 6 5 4 7
---- ---- ---- ---- ----
Fixed charges ............................ 391 347 334 305 274
Earnings from continuing operations
before income taxes, net of preferred
stock dividends .......................... 398 110 238 203 176
---- ---- ---- ---- ----
Earnings from continuing operations before
income taxes and fixed charges ............ $789 $457 $572 $508 $450
==== ==== ==== ==== ====
Ratio of earnings to fixed charges ......... 2.02 1.32 1.71 1.67 1.64
==== ==== ==== ==== ====
Rental expense:
Equipment subleases ...................... $ 3 $ 4 $ 5 $ 6 $ 14
Office space, furniture, etc ............. 17 14 9 7 8
---- ---- ---- ---- ----
Total .................................. $ 20 $ 18 $ 14 $ 13 $ 22
==== ==== ==== ==== ====
1/3 of rental expense .................. $ 7 $ 6 $ 5 $ 4 $ 7
==== ==== ==== ==== ====
[FN]
<F1>
Includes interest expense incurred by technology services and included in
technology services expense on the consolidated statements of earnings. In
fiscal 2000 and 1999, includes interest expense incurred by discontinued
operations and included in the loss on discontinued operations on the
consolidated statements of earnings.
</FN>
