Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31.2 - LEGGETT & PLATT INC | legex312q22014.htm |
| EX-32.2 - EXHIBIT 32.2 - LEGGETT & PLATT INC | legex322q22014.htm |
| EX-31.1 - EXHIBIT 31.1 - LEGGETT & PLATT INC | legex311q22014.htm |
| EXCEL - IDEA: XBRL DOCUMENT - LEGGETT & PLATT INC | Financial_Report.xls |
| 10-Q - 10-Q - LEGGETT & PLATT INC | leg630201410q.htm |
| EX-32.1 - EXHIBIT 32.1 - LEGGETT & PLATT INC | legex321q22014.htm |
Leggett & Platt, Incorporated and Subsidiaries | Exhibit 12 | |||||||||||||||||||||||||||
Computation of Ratio of Earnings to Fixed Charges | ||||||||||||||||||||||||||||
(Amounts in millions of dollars) | ||||||||||||||||||||||||||||
Six Months Ended | Twelve Months Ended | |||||||||||||||||||||||||||
June 30, | December 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Pre-tax income from continuing operations including equity-method investment earnings (a) | $57.6 | $158.7 | $247.8 | $306.5 | $233.7 | $261.2 | $195.3 | |||||||||||||||||||||
Add: | ||||||||||||||||||||||||||||
Interest expense and amortization of interest rate swaps and debt discount and premium on all indebtedness (including amount capitalized) | 21.0 | 24.0 | 45.2 | 44.0 | 39.0 | 38.1 | 38.3 | |||||||||||||||||||||
Portion of rental expense under operating leases representative of an interest factor (b) | 9.1 | 8.8 | 16.5 | 16.0 | 14.6 | 15.4 | 16.9 | |||||||||||||||||||||
Amortization of capitalized interest | .5 | .5 | .9 | .9 | 1.0 | 1.0 | .9 | |||||||||||||||||||||
Less: | ||||||||||||||||||||||||||||
Equity-method investment (earnings) loss | (.2 | ) | (.3 | ) | (.5 | ) | (.6 | ) | (.4 | ) | (.1 | ) | .6 | |||||||||||||||
Interest capitalized | (.2 | ) | (.3 | ) | (.5 | ) | (.6 | ) | (.7 | ) | (.4 | ) | (.9 | ) | ||||||||||||||
Total Earnings (c) | $ | 87.8 | $ | 191.4 | $ | 309.4 | $ | 366.2 | $ | 287.2 | $ | 315.2 | $ | 251.1 | ||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest expense and amortization of interest rate swaps and debt discount and premium on all indebtedness | $20.8 | $23.7 | $44.7 | $43.4 | $38.3 | $37.7 | $37.4 | |||||||||||||||||||||
Interest capitalized | .2 | .3 | .5 | .6 | .7 | .4 | .9 | |||||||||||||||||||||
Portion of rental expense under operating leases representative of an interest factor (b) | 9.1 | 8.8 | 16.5 | 16.0 | 14.6 | 15.4 | 16.9 | |||||||||||||||||||||
Total Fixed Charges | $ | 30.1 | $ | 32.8 | $ | 61.7 | $ | 60.0 | $ | 53.6 | $ | 53.5 | $ | 55.2 | ||||||||||||||
Ratio of Earnings to Fixed Charges | 2.9 | 5.8 | 5.0 | 6.1 | 5.4 | 5.9 | 4.5 | |||||||||||||||||||||
(a) 2009 - 2012 amounts have been retrospectively adjusted to reflect the reclassification of certain operations to discontinued operations.
(b) Estimated portion of rent expense representing interest.
(c) Earnings consist principally of income from continuing operations before income taxes, plus fixed charges less capitalized interest. Fixed charges consist principally of interest costs.