Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - UNIVERSAL CORP /VA/ | d10k.htm |
| EX-21 - EXHIBIT 21 - UNIVERSAL CORP /VA/ | dex21.htm |
| EX-23 - EXHIBIT 23 - UNIVERSAL CORP /VA/ | dex23.htm |
| EX-31.1 - EXHIBIT 31.1 - UNIVERSAL CORP /VA/ | dex311.htm |
| EX-32.2 - EXHIBIT 32.2 - UNIVERSAL CORP /VA/ | dex322.htm |
| EX-31.2 - EXHIBIT 31.2 - UNIVERSAL CORP /VA/ | dex312.htm |
| EX-32.1 - EXHIBIT 32.1 - UNIVERSAL CORP /VA/ | dex321.htm |
| EX-10.50 - EXHIBIT 10.50 - UNIVERSAL CORP /VA/ | dex1050.htm |
| EX-10.51 - EXHIBIT 10.51 - UNIVERSAL CORP /VA/ | dex1051.htm |
| EX-10.52 - EXHIBIT 10.52 - UNIVERSAL CORP /VA/ | dex1052.htm |
| EX-10.48 - EXHIBIT 10.48 - UNIVERSAL CORP /VA/ | dex1048.htm |
| EX-10.49 - EXHIBIT 10.49 - UNIVERSAL CORP /VA/ | dex1049.htm |
Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES
AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS
UNIVERSAL CORPORATION
| Fiscal Year Ended March 31, | |||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||
| (in thousands, except for ratios) | |||||||||||||||
| Earnings |
|||||||||||||||
| Pretax income from continuing operations before equity in pretax earnings (loss) of unconsolidated affiliates |
$ | 234,252 | $ | 176,606 | $ | 166,782 | $ | 120,642 | $ | 533 | |||||
| Fixed charges (net of interest capitalized) |
29,226 | 40,797 | 48,014 | 59,376 | 66,217 | ||||||||||
| Distribution of earnings from unconsolidated affiliates |
11,983 | 8,680 | 9,189 | 7,878 | 21,845 | ||||||||||
| Total Earnings |
$ | 275,461 | $ | 226,083 | $ | 223,985 | $ | 187,896 | $ | 88,595 | |||||
| Fixed Charges and Preference Dividends |
|||||||||||||||
| Interest expense |
$ | 24,210 | $ | 35,631 | $ | 41,908 | $ | 53,794 | $ | 60,787 | |||||
| Interest capitalized |
— | — | — | — | 799 | ||||||||||
| Amortization of premiums, discounts, and debt issuance costs |
1,837 | 948 | 1,767 | 1,697 | 1,916 | ||||||||||
| Interest component of rent expense |
3,179 | 4,218 | 4,339 | 3,885 | 3,514 | ||||||||||
| Total Fixed Charges |
29,226 | 40,797 | 48,014 | 59,376 | 67,016 | ||||||||||
| Dividends on convertible perpetual preferred stock (pretax) |
22,846 | 22,846 | 22,846 | 22,592 | — | ||||||||||
| Total Fixed Charges and Preference Dividends |
$ | 52,072 | $ | 63,643 | $ | 70,860 | $ | 81,968 | $ | 67,016 | |||||
| Ratio of Earnings to Fixed Charges |
9.43 | 5.54 | 4.66 | 3.16 | 1.32 | ||||||||||
| Ratio of Earnings to Combined Fixed Charges and Preference Dividends |
5.29 | 3.55 | 3.16 | 2.29 | 1.32 | ||||||||||