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10-Q - 10-Q - RYDER SYSTEM INCryder1stquarter201510-q.htm
EX-32.1 - EXHIBIT - RYDER SYSTEM INCryderex32-q12015.htm
EX-31.2 - EXHIBIT - RYDER SYSTEM INCryderex312-q12015.htm
EXCEL - IDEA: XBRL DOCUMENT - RYDER SYSTEM INCFinancial_Report.xls
EX-31.1 - EXHIBIT - RYDER SYSTEM INCryderex311-q12015.htm


EXHIBIT 12.1
Ryder System, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
Continuing Operations
(Dollars in thousands)
 
 
 
 
 
For the Three
 
 
 
 
 
 
 
Months Ended
 
 
 
 
 
 
 
March 31, 2015
 
 
EARNINGS:
 
 
 
 
 
 
 
Earnings before income taxes
 
 
 
 
$
84,378

 
 
Fixed charges
 
 
 
 
48,411

 
 
Add: Amortization of capitalized interest
 
 
 
 
140

 
 
Less: Interest capitalized
 
 
 
 

 
 
Earnings available for fixed charges (A)
 
 
 
 
$
132,929

 
 
 
 
 
 
 
 
 
 
FIXED CHARGES:
 
 
 
 
 
 
 
Interest and other financial charges
 
 
 
 
$
35,895

 
 
Costs associated with sale of receivables
 
 
 
 

 
 
Portion of rents representing interest expense
 
 
 
 
12,516

 
 
Total fixed charges (B)
 
 
 
 
$
48,411

 
 
 
 
 
 
 
 
 
 
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B)
 
 
 
 
2.75x