RYDER SYSTEM INC - FORM 10-Q - EX-12.1 - EXHIBIT - October 22, 2014

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EXCEL - IDEA: XBRL DOCUMENT - RYDER SYSTEM INCFinancial_Report.xls
EX-32.0 - EXHIBIT - RYDER SYSTEM INCryderex32-q32014.htm
EX-31.1 - EXHIBIT - RYDER SYSTEM INCryderex311-q32014.htm
EX-31.2 - EXHIBIT - RYDER SYSTEM INCryderex312-q32014.htm
10-Q - 10-Q - RYDER SYSTEM INCryder3rdquarter201410-q.htm


EXHIBIT 12.1
Ryder System, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
Continuing Operations
(Dollars in thousands)
 
 
 
 
 
For the Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EARNINGS:
 
 
 
 
 
 
 
Earnings before income taxes
 
 
 
 
324,770

 
 
Fixed charges
 
 
 
 
142,992

 
 
Add: Amortization of capitalized interest
 
 
 
 
379

 
 
Less: Interest capitalized
 
 
 
 
0

 
 
Earnings available for fixed charges (A)
 
 
 
 
468,141

 
 
 
 
 
 
 
 
 
 
FIXED CHARGES:
 
 
 
 
 
 
 
Interest and other financial charges
 
 
 
 
106,462

 
 
Costs associated with sale of receivables
 
 
 
 
0

 
 
Portion of rents representing interest expense
 
 
 
 
36,530

 
 
Total fixed charges (B)
 
 
 
 
142,992

 
 
 
 
 
 
 
 
 
 
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B)
 
 
 
 
3.27

 
 
 
 
 
 
 
 
 
 



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