Attached files
Exhibit 12.1
STATEMENT REGARDING COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
MANPOWERGROUP INC.
(in millions)
6 Months Ended
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June 30, 2014
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Earnings:
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Earnings before income taxes
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$ |
297.2
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Fixed charges
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68.6 | ||||
$ | 365.8 | ||||
Fixed charges:
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Interest (expensed or capitalized)
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$ | 18.1 | |||
Estimated interest portion of rent expense
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50.5 | ||||
$ | 68.6 | ||||
Ratio of earnings to fixed charges
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5.3 |
2013
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2012
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2011
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2010
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2009
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Earnings:
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Earnings before income taxes
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$ | 475.5 | $ |
368.4
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$ | 479.9 | $ | (165.2 | ) | $ | (22.9 | ) | ||||||||
Fixed charges
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159.7 | 165.1 | 170.2 | 161.9 | 183.9 | |||||||||||||||
$ | 635.2 | $ | 533.5 | $ | 650.1 | $ | (3.3 | ) | $ | 161.0 | ||||||||||
Fixed charges:
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Interest (expensed or capitalized)
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$ | 43.2 | $ | 42.5 | $ | 43.1 | $ | 42.4 | $ | 61.7 | ||||||||||
Estimated interest portion of rent expense
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116.5 | 122.6 | 127.1 | 119.5 | 122.2 | |||||||||||||||
$ | 159.7 | $ | 165.1 | $ | 170.2 | $ | 161.9 | $ | 183.9 | |||||||||||
Ratio of earnings to fixed charges
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4.0 | 3.2 | 3.8 | (0.0 | ) | 0.9 |
Note:
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The calculation of ratio of earnings to fixed charges set forth above is in accordance with Regulation S-K, Item 601(b)(12). This calculation is different than the fixed charge ratio that is required by our various borrowing facilities.
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