Attached files
file | filename |
---|---|
EXCEL - IDEA: XBRL DOCUMENT - Andersons, Inc. | Financial_Report.xls |
10-Q - FORM 10-Q - Andersons, Inc. | l42749e10vq.htm |
EX-32.1 - EX-32.1 - Andersons, Inc. | l42749exv32w1.htm |
EX-31.2 - EX-31.2 - Andersons, Inc. | l42749exv31w2.htm |
EX-31.3 - EX-31.3 - Andersons, Inc. | l42749exv31w3.htm |
EX-31.1 - EX-31.1 - Andersons, Inc. | l42749exv31w1.htm |
Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
THE ANDERSONS, INC.
(Dollars in thousands)
THE ANDERSONS, INC.
(Dollars in thousands)
Six months ended | ||||||||
June 30, | ||||||||
2011 | 2010 | |||||||
Computation of earnings |
||||||||
Pretax income (a) |
$ | 79,446 | $ | 45,831 | ||||
Add: |
||||||||
Interest expense on indebtedness |
14,898 | 9,298 | ||||||
Amortization of debt issue costs |
561 | 1,097 | ||||||
Interest portion of rent expense (b) |
4,009 | 4,541 | ||||||
Distributed income of equity investees |
15,291 | 5,833 | ||||||
Earnings |
$ | 114,205 | $ | 66,600 | ||||
Computation of fixed charges |
||||||||
Interest expense on indebtedness |
$ | 14,898 | $ | 9,298 | ||||
Amortization of debt issue costs |
561 | 1,097 | ||||||
Interest portion of rent expense (b) |
4,009 | 4,541 | ||||||
Fixed charges |
$ | 19,468 | $ | 14,936 | ||||
Ratio of earnings to fixed charges |
5.87 | 4.46 | ||||||
(a) | Pretax income as presented is income from continuing operations before adjustment for income or loss from equity investees. | |
(b) | The portion of rent expense on operating leases included in the calculation of the fixed charges ratio above is a reasonable approximation of the interest factor on those agreements. |
37