Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - CARNIVAL CORP | a2014q310-q.htm |
| EX-10.1 - EX-10.1 - CARNIVAL CORP | ex-101.htm |
| EX-10.2 - EX-10.2 - CARNIVAL CORP | ex-102.htm |
| EX-31.1 - EX-31.1 - CARNIVAL CORP | ex-311.htm |
| EX-31.2 - EX-31.2 - CARNIVAL CORP | ex-312.htm |
| EX-31.3 - EX-31.3 - CARNIVAL CORP | ex-313.htm |
| EX-31.4 - EX-31.4 - CARNIVAL CORP | ex-314.htm |
| EX-32.1 - EX-32.1 - CARNIVAL CORP | ex-321.htm |
| EX-32.2 - EX-32.2 - CARNIVAL CORP | ex-322.htm |
| EX-32.3 - EX-32.3 - CARNIVAL CORP | ex-323.htm |
| EX-32.4 - EX-32.4 - CARNIVAL CORP | ex-324.htm |
| 10-Q - PDF OF THE FORM 10-Q - CARNIVAL CORP | a2014q310qcarnivalcorp.pdf |
| EXCEL - IDEA: XBRL DOCUMENT - CARNIVAL CORP | Financial_Report.xls |
Exhibit 12
CARNIVAL CORPORATION & PLC
Ratio of Earnings to Fixed Charges
(in millions, except ratios)
Nine Months Ended | |||||||
August 31, | |||||||
2014 | 2013 | ||||||
Net income | $ | 1,338 | $ | 1,012 | |||
Income tax expense, net | 2 | 3 | |||||
Income before income taxes | 1,340 | 1,015 | |||||
Fixed charges | |||||||
Interest expense, net | 213 | 237 | |||||
Interest portion of rent expense (a) | 16 | 14 | |||||
Capitalized interest | 16 | 11 | |||||
Total fixed charges | 245 | 262 | |||||
Fixed charges not affecting earnings | |||||||
Capitalized interest | (16 | ) | (11 | ) | |||
Earnings before fixed charges | $ | 1,569 | $ | 1,266 | |||
Ratio of earnings to fixed charges | 6.4 | 4.8 | |||||
(a) Represents one-third of rent expense, which we believe to be representative of the interest portion of rent expense.