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EX-10.39 - EX-10.39 - BROADRIDGE FINANCIAL SOLUTIONS, INC.d758506dex1039.htm
EXCEL - IDEA: XBRL DOCUMENT - BROADRIDGE FINANCIAL SOLUTIONS, INC.Financial_Report.xls
EX-32.1 - EX-32.1 - BROADRIDGE FINANCIAL SOLUTIONS, INC.d758506dex321.htm
EX-23.1 - EX-23.1 - BROADRIDGE FINANCIAL SOLUTIONS, INC.d758506dex231.htm
EX-31.1 - EX-31.1 - BROADRIDGE FINANCIAL SOLUTIONS, INC.d758506dex311.htm
EX-21.1 - EX-21.1 - BROADRIDGE FINANCIAL SOLUTIONS, INC.d758506dex211.htm
EX-32.2 - EX-32.2 - BROADRIDGE FINANCIAL SOLUTIONS, INC.d758506dex322.htm
10-K - FORM 10-K - BROADRIDGE FINANCIAL SOLUTIONS, INC.d758506d10k.htm
EX-31.2 - EX-31.2 - BROADRIDGE FINANCIAL SOLUTIONS, INC.d758506dex312.htm

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

 

     Fiscal Years Ended June 30,  
     2014      2013      2012     2011     2010  
     ($ in millions)  

Earnings:

            

Add:

            

Earnings from continuing operations before income taxes

   $ 395.5       $ 323.2       $ 200.9      $ 269.7      $ 342.1   

Fixed charges

     36.9         28.0         28.4        25.7        24.1   

Amortization of capitalized interest

     —           —           —          —          —     

Distributed income from equity investees

     —           —           —          —          —     

Share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges

     —           —           —          —          —     

Less:

            

Interest capitalized

     —           —           —          —          —     

Preference security dividend requirements of consolidated subsidiaries

     —           —           —          —          —     

The minority interest in the pre-tax income/(loss) of subsidiaries that have not incurred fixed charges(2)

     0.4         0.1         (0.7     (0.2     1.0   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Total

   $ 432.0       $ 351.1       $ 230.0      $ 295.6      $ 365.2   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Fixed charges:

            

Interest expense

   $ 23.9       $ 14.5       $ 14.0      $ 9.9      $ 9.8   

Amortized premiums, discounts and capitalized expenses related to indebtedness

     —           —           —          —          —     

Estimate of the interest within rental expense(1)

     13.0         13.5         14.4        15.8        14.3   

Preference security dividend requirements of consolidated subsidiaries

     —           —           —          —          —     
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Total

   $ 36.9       $ 28.0       $ 28.4      $ 25.7      $ 24.1   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

     11.7         12.5         8.1        11.5        15.2   

 

(1) One-third of rental expense under operating leases is assumed to be the equivalent of interest.
(2) Represents the Company’s share of gains/ (losses) from its joint venture with the Tokyo Stock Exchange.