Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - HORTON D R INC /DE/ | Financial_Report.xls |
| EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - HORTON D R INC /DE/ | a2014930-10kexhibit322.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302(A) - HORTON D R INC /DE/ | a2014930-10kexhibit312.htm |
| EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - HORTON D R INC /DE/ | a2014930-10kexhibit231.htm |
| EX-21.1 - SUBSIDIARIES OF D.R. HORTON, INC. - HORTON D R INC /DE/ | a2014930-10kexhibit211.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302(A) - HORTON D R INC /DE/ | a2014930-10kexhibit311.htm |
| 10-K - 10-K - HORTON D R INC /DE/ | a2014930-10k.htm |
| EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - HORTON D R INC /DE/ | a2014930-10kexhibit321.htm |
Exhibit 12.1
D.R. HORTON, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the Fiscal Year Ended September 30, | ||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
($ in millions) | ||||||||||||||||||||
Consolidated income before income taxes | $ | 814.2 | $ | 657.8 | $ | 242.9 | $ | 12.1 | $ | 99.5 | ||||||||||
Noncontrolling interests in losses before income taxes of majority owned subsidiaries which have incurred losses | — | — | — | — | (0.2 | ) | ||||||||||||||
Amortization of capitalized interest | 124.4 | 110.9 | 94.1 | 92.0 | 124.2 | |||||||||||||||
Interest expensed | 4.8 | 11.7 | 31.5 | 57.0 | 94.4 | |||||||||||||||
Earnings | $ | 943.4 | $ | 780.4 | $ | 368.5 | $ | 161.1 | $ | 317.9 | ||||||||||
Interest incurred | $ | 190.6 | $ | 177.3 | $ | 128.7 | $ | 136.7 | $ | 181.3 | ||||||||||
Fixed charges | $ | 190.6 | $ | 177.3 | $ | 128.7 | $ | 136.7 | $ | 181.3 | ||||||||||
Ratio of earnings to fixed charges | 4.95 | 4.40 | 2.86 | 1.18 | 1.75 | |||||||||||||||