Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - CARNIVAL CORP | a2015q110-q.htm |
| EX-31.1 - EX-31.1 - CARNIVAL CORP | ex_31x1x2015.htm |
| EX-31.2 - EX-31.2 - CARNIVAL CORP | ex_31x2x2015.htm |
| EX-31.3 - EX-31.3 - CARNIVAL CORP | ex_31x3x2015.htm |
| EX-31.4 - EX-31.4 - CARNIVAL CORP | ex_31x4x2015.htm |
| EX-32.1 - EX-32.1 - CARNIVAL CORP | ex_32x1x2015.htm |
| EX-32.2 - EX-32.2 - CARNIVAL CORP | ex_32x2x2015.htm |
| EX-32.3 - EX-32.3 - CARNIVAL CORP | ex_32x3x2015.htm |
| EX-32.4 - EX-32.4 - CARNIVAL CORP | ex_32x4x2015.htm |
| 10-Q - PDF OF FORM 10-Q - CARNIVAL CORP | a2015q110qcarnivalcorp1.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)
Three Months Ended | |||||||
February 28, | |||||||
2015 | 2014 (a) | ||||||
Net income (loss) | $ | 49 | $ | (20 | ) | ||
Income tax expense, net | 3 | 1 | |||||
Income (loss) before income taxes | 52 | (19 | ) | ||||
Fixed charges | |||||||
Interest expense, net | 57 | 72 | |||||
Interest portion of rent expense (b) | 6 | 5 | |||||
Capitalized interest | 5 | 5 | |||||
Total fixed charges | 68 | 82 | |||||
Fixed charges not affecting earnings (loss) | |||||||
Capitalized interest | (5 | ) | (5 | ) | |||
Earnings before fixed charges | $ | 115 | $ | 58 | |||
Ratio of earnings to fixed charges | 1.7 | — | |||||
Coverage deficiency | $ | — | $ | 24 | |||
(a) Revised as discussed in Note 1 to the consolidated financial statements.
(b) Represents one-third of rent expense, which we believe to be representative of the interest portion of rent expense.