Annual Report — Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K Annual Report 81 473K
2: EX-10.A.6 Material Contract 10 54K
3: EX-10.A.9 Material Contract 15 87K
4: EX-10.B.2 Material Contract 5 17K
5: EX-10.B.3 Material Contract 71 127K
6: EX-11 Statement re: Computation of Earnings Per Share 2± 12K
7: EX-12 Statement re: Computation of Ratios 2± 12K
8: EX-21 Subsidiaries of the Registrant 5 27K
9: EX-23 Consent of Experts or Counsel 1 9K
10: EX-24 Power of Attorney 13 26K
EX-12 — Statement re: Computation of Ratios
EXHIBIT 12
CHRYSLER CORPORATION AND CONSOLIDATED SUBSIDIARIES
Computations of Ratios of Earnings to Fixed Charges and
Preferred Stock Dividend Requirements
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Year Ended December 31
-----------------------------------------------------------
1993 1992 1991(1) 1990 1989
-------- -------- -------- -------- --------
(in millions of dollars)
Net earnings (loss) from continuing operations before
cumulative effect of changes in accounting
principles $ 2,415 $ 505 $ (538) $ 68 $ 323
Add back:
Taxes on income 1,423 429 (272) 79 242
Fixed charges 1,433 1,732 2,179 2,783 3,126
Amortization of previously capitalized interest 94 87 86 81 78
Deduct:
Capitalized interest 176 176 162 140 123
Undistributed earnings from less than fifty-
percent owned affiliates 2 7 11 6 35
-------- -------- -------- -------- --------
Earnings available for fixed charges $ 5,187 $ 2,570 $ 1,282 $ 2,865 $ 3,611
-------- -------- -------- -------- --------
Fixed charges:
Interest expense $ 1,104 $ 1,405 $ 1,869 $ 2,458 $ 2,844
Interest expense of unconsolidated subsidiaries -- -- -- 15 10
Capitalized interest 176 176 162 140 123
Credit line commitment fees 10 10 15 6 9
Interest portion of rent expense 143 139 126 119 121
Gross-up of preferred stock dividends of majority-
owned subsidiaries (CFC) to a pre-tax basis -- 2 7 45 19
-------- -------- -------- -------- --------
Total fixed charges $ 1,433 $ 1,732 $ 2,179 $ 2,783 $ 3,126
-------- -------- -------- -------- --------
Ratio of earnings to fixed charges 3.62 1.48 0.59 1.03 1.16
======== ======== ======== ======== ========
Preferred stock dividend requirements $ 127 $ 128 $ -- $ -- $ --
======== ======== ======== ======== ========
Ratio of earnings to fixed charges and preferred
stock dividend requirements 3.33 1.38 -- -- --
======== ======== ======== ======== ========
Equity taken up in earnings of less than fifty-percent
owned affiliates $ 2 $ 11 $ 13 $ 8 $ 39
Deduct:
Dividends paid by affiliates -- 4 2 2 4
-------- -------- -------- -------- --------
Undistributed earnings from less than fifty-percent
owned affiliates $ 2 $ 7 $ 11 $ 6 $ 35
======== ======== ======== ======== ========
(1) In 1991, earnings were not sufficient to cover fixed charges. The
coverage deficiency was $897 million.
NOTE: For purposes of computing the ratios of earnings to fixed charges
and preferred stock dividend requirements, earnings are
determined by adding back fixed charges to earnings (loss) from
continuing operations (including equity in net earnings of
unconsolidated subsidiaries) before taxes on income and excluding
undistributed earnings from less than fifty-percent owned
affiliates. Fixed charges consist of interest expense, credit
line commitment fees, the interest portion of rent expense and
the preferred stock dividend requirements of its majority-owned
subsidiaries increased to an amount representing the pre-tax
earnings that would be required to cover such dividend
requirements. The year ended December 31, 1989 has been restated
to exclude the effects of discontinued operations.
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