SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): January 28, 1999
POLAROID CORPORATION
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(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Delaware 1-4085 04-1734655
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification Number)
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784 Memorial Drive, Cambridge, Massachusetts 02139
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(Address of principal executive offices) (Zip Code)
(781) 386-2000
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(Registrant's telephone number, including area code)
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ITEM 7. Financial Statements and Exhibits
The following exhibit is filed as part of this report and as an exhibit to the
Company's Registration Statements on Form S-3 (File Nos. 333-0791 and
333-67647).
12.1 Statement of Computation of Ratio of Earnings to Fixed Charges
for the nine months ended September 28, 1997.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrants have duly caused this report to be signed on their behalf by the
undersigned hereunto duly authorized.
By: /s/ JUDITH G. BOYNTON
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Name: Judith G. Boynton
Title: Executive Vice President and Chief
Financial Officer
Dated: January 28, 1999
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EXHIBIT INDEX
EXHIBIT
12.1 Statement of Computation of Ratio of Earnings to Fixed Charges
for the nine months ended September 28, 1997.
EXHIBIT 12.1
POLAROID CORPORATION AND SUBSIDIARY COMPANIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions except ratios)
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Nine Months Ended
September 28, 1997
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Earnings:
Earnings
before income tax expense/benefit per
consolidated statement of earnings ............... $117.0
Add:
Interest expense ......................................... 34.6
Portion of rent expense representative
of an interest factor ............................ 7.9
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Adjusted earnings
before income tax expense/benefit ................ $159.5
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Fixed charges:
Interest expense ......................................... $ 34.6
Portion of rent expense representative
of an interest factor ............................ 7.9
Capitalized interest ..................................... 2.1
Total fixed charges ...................................... $ 44.6
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Ratio of earnings to fixed charges ....................... 3.6
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