Attached files
file | filename |
---|---|
EX-31.2 - SECTION 302 CEO CERTIFICATION - AIRGAS INC | arg-33115x10xkex312.htm |
10-K - AIRGAS, INC. FORM 10-K - AIRGAS INC | arg-3311510xk.htm |
10-K - AIRGAS, INC. FORM 10-K PDF - AIRGAS INC | arg33115form10k.pdf |
EX-21 - SUBSIDIARIES OF THE COMPANY - AIRGAS INC | arg-33115x10xkex21.htm |
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - AIRGAS INC | arg-33115x10xkex23.htm |
EX-31.1 - SECTION 302 EXECUTIVE CHAIRMAN CERTIFICATION - AIRGAS INC | arg-33115x10xkex311.htm |
EX-31.3 - SECTION 302 CFO CERTIFICATION - AIRGAS INC | arg-33115x10xkex313.htm |
EX-32.1 - SECTION 906 EXECUTIVE CHAIRMAN CERTIFICATION - AIRGAS INC | arg-33115x10xkex321.htm |
EX-32.2 - SECTION 906 CEO CERTIFICATION - AIRGAS INC | arg-33115x10xkex322.htm |
EX-32.3 - SECTION 906 CFO CERTIFICATION - AIRGAS INC | arg-33115x10xkex323.htm |
EXCEL - IDEA: XBRL DOCUMENT - AIRGAS INC | Financial_Report.xls |
Exhibit 12
AIRGAS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratios)
Ratio of Earnings to Fixed Charges | 2011 | 2012 | 2013 | 2014 | 2015 | ||||||||||||||||||
EARNINGS COMPUTATION: | |||||||||||||||||||||||
Add: | |||||||||||||||||||||||
Pretax income from continuing operations | $ | 406,933 | $ | 492,166 | $ | 543,417 | $ | 551,906 | $ | 584,122 | |||||||||||||
Fixed charges | 98,542 | 103,227 | 105,651 | 112,005 | 105,066 | ||||||||||||||||||
$ | 505,475 | $ | 595,393 | $ | 649,068 | $ | 663,911 | $ | 689,188 | ||||||||||||||
Subtract: | |||||||||||||||||||||||
Capitalized interest | (2,336 | ) | (869 | ) | (594 | ) | (227 | ) | (1,028 | ) | |||||||||||||
Earnings for purposes of computation | $ | 503,139 | $ | 594,524 | $ | 648,474 | $ | 663,684 | $ | 688,160 | |||||||||||||
FIXED CHARGES COMPUTATION: | |||||||||||||||||||||||
Interest (1) | $ | 65,055 | $ | 69,715 | $ | 70,670 | $ | 75,588 | $ | 65,219 | |||||||||||||
Estimate of the interest component of rent expense | 33,487 | 33,512 | 34,981 | 36,417 | 39,848 | ||||||||||||||||||
Fixed charges for purposes of computation | $ | 98,542 | $ | 103,227 | $ | 105,651 | $ | 112,005 | $ | 105,067 | |||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 5.11X | 5.76X | 6.14X | 5.93X | 6.55X | ||||||||||||||||||
(1) Includes interest expense, capitalized interest, amortization of capitalized financing costs and original issuance bond discounts, and discount on trade receivables securitization. | |||||||||||||||||||||||