Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - PACCAR FINANCIAL CORP | Financial_Report.xls |
| EX-23 - EX-23 - PACCAR FINANCIAL CORP | d833294dex23.htm |
| EX-12.(A) - EX-12.(A) - PACCAR FINANCIAL CORP | d833294dex12a.htm |
| EX-32.(A) - EX-32.(A) - PACCAR FINANCIAL CORP | d833294dex32a.htm |
| EX-31.(A) - EX-31.(A) - PACCAR FINANCIAL CORP | d833294dex31a.htm |
| EX-31.(B) - EX-31.(B) - PACCAR FINANCIAL CORP | d833294dex31b.htm |
| EX-3.(I) - EX-3.(I) - PACCAR FINANCIAL CORP | d833294dex3i.htm |
| 10-K - FORM 10-K - PACCAR FINANCIAL CORP | d833294d10k.htm |
Exhibit 12(b)
PACCAR Financial Corp.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO THE SUPPORT AGREEMENT
BETWEEN THE COMPANY AND PACCAR
(Millions of Dollars)
| Year ended December 31 | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| FIXED CHARGES |
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| Interest expense |
$ | 53.4 | $ | 58.9 | $ | 59.2 | $ | 64.0 | $ | 90.5 | ||||||||||
| Facility and equipment rental |
1.6 | 1.5 | 1.5 | 1.9 | 2.1 | |||||||||||||||
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| TOTAL FIXED CHARGES |
$ | 55.0 | $ | 60.4 | $ | 60.7 | $ | 65.9 | $ | 92.6 | ||||||||||
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| EARNINGS |
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| Income before income taxes |
$ | 175.0 | $ | 159.4 | $ | 133.6 | $ | 112.4 | $ | 63.2 | ||||||||||
| Depreciation |
232.3 | 210.0 | 180.6 | 148.1 | 132.4 | |||||||||||||||
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| 407.3 | 369.4 | 314.2 | 260.5 | 195.6 | ||||||||||||||||
| FIXED CHARGES |
55.0 | 60.4 | 60.7 | 65.9 | 92.6 | |||||||||||||||
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| EARNINGS AS DEFINED |
$ | 462.3 | $ | 429.8 | $ | 374.9 | $ | 326.4 | $ | 288.2 | ||||||||||
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| RATIO OF EARNINGS TO FIXED CHARGES |
8.41x | 7.12x | 6.18x | 4.95x | 3.11x | |||||||||||||||
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