Attached files

file filename
EX-31.2 - SECTION 302 CEO CERTIFICATION - AIRGAS INCarg-33115x10xkex312.htm
10-K - AIRGAS, INC. FORM 10-K - AIRGAS INCarg-3311510xk.htm
10-K - AIRGAS, INC. FORM 10-K PDF - AIRGAS INCarg33115form10k.pdf
EX-21 - SUBSIDIARIES OF THE COMPANY - AIRGAS INCarg-33115x10xkex21.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - AIRGAS INCarg-33115x10xkex23.htm
EX-31.1 - SECTION 302 EXECUTIVE CHAIRMAN CERTIFICATION - AIRGAS INCarg-33115x10xkex311.htm
EX-31.3 - SECTION 302 CFO CERTIFICATION - AIRGAS INCarg-33115x10xkex313.htm
EX-32.1 - SECTION 906 EXECUTIVE CHAIRMAN CERTIFICATION - AIRGAS INCarg-33115x10xkex321.htm
EX-32.2 - SECTION 906 CEO CERTIFICATION - AIRGAS INCarg-33115x10xkex322.htm
EX-32.3 - SECTION 906 CFO CERTIFICATION - AIRGAS INCarg-33115x10xkex323.htm
EXCEL - IDEA: XBRL DOCUMENT - AIRGAS INCFinancial_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.