Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - HUNTINGTON INGALLS INDUSTRIES, INC. | Financial_Report.xls |
| EX-32.1 - SECTION 906 CEO CERTIFICATION - HUNTINGTON INGALLS INDUSTRIES, INC. | hii-ex321q32014.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - HUNTINGTON INGALLS INDUSTRIES, INC. | hii-ex312q32014.htm |
| EX-32.2 - SECTION 906 CFO CERTIFICATION - HUNTINGTON INGALLS INDUSTRIES, INC. | hii-ex322q32014.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - HUNTINGTON INGALLS INDUSTRIES, INC. | hii-ex311q32014.htm |
| 10-Q - 10-Q - HUNTINGTON INGALLS INDUSTRIES, INC. | hii2014q310-q930.htm |
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30 | Year Ended December 31 | |||||||||||||||||||||||
($ in millions) | 2014 | 2013 | 2012 | 2011(1) | 2010 | 2009 | ||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Earnings from continuing operations before income taxes | $ | 428 | $ | 394 | $ | 241 | $ | (4 | ) | $ | 199 | $ | 168 | |||||||||||
Amortization of Capitalized Interest | 1 | 2 | 2 | 3 | 4 | 3 | ||||||||||||||||||
Interest Capitalized | (1 | ) | — | (2 | ) | (2 | ) | (3 | ) | (8 | ) | |||||||||||||
Net adjustment for earnings from affiliates | 1 | 2 | 2 | — | — | — | ||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expensed and capitalized, including amortization of debt issuance | 84 | 118 | 119 | 106 | 43 | 44 | ||||||||||||||||||
Portion of rental expenses on operating leases deemed to be representative of the interest factor (2) | 11 | 15 | 15 | 15 | 15 | 16 | ||||||||||||||||||
Total Earnings | $ | 524 | $ | 531 | $ | 377 | $ | 118 | $ | 258 | $ | 223 | ||||||||||||
Fixed Charges: | $ | 95 | $ | 133 | $ | 134 | $ | 121 | $ | 58 | $ | 60 | ||||||||||||
Ratio of earnings to fixed charges | 5.5 | 4.0 | 2.8 | 1.0 | 4.4 | 3.7 | ||||||||||||||||||
(1) For the year ended December 31, 2011, the company recorded a non-cash goodwill impairment charge of $290 million.
(2) The proportion of rental expense deemed to be representative of the interest factor is one third.