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Previous: WASTE MANAGEMENT INC, 10-Q, EX-10, 2000-08-11 |
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<PAGE> 1
EXHIBIT 12
WASTE MANAGEMENT, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS, EXCEPT RATIOS)
(UNAUDITED)
<TABLE>
<CAPTION>
Six Months Ended June 30,
---------------------------
2000 1999
---------- ----------
<S> <C> <C>
Income before income taxes and minority interests $ 237,566 $1,153,573
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Fixed charges deducted from income:
Interest expense 409,807 361,068
Implicit interest in rents 32,456 30,734
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442,263 391,802
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Earnings available for fixed charges $ 679,829 $1,545,375
========== ==========
Interest expense $ 409,807 $ 361,068
Capitalized interest 9,255 23,272
Implicit interest in rents 32,456 30,734
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Total fixed charges $ 451,518 $ 415,074
========== ==========
Ratio of earnings to fixed charges 1.5 3.7
========== ==========
</TABLE>
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