Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - HORTON D R INC /DE/ | a630201510q.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302(A) - HORTON D R INC /DE/ | a6302015exhibit312.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302(A) - HORTON D R INC /DE/ | a6302015exhibit311.htm |
| EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - HORTON D R INC /DE/ | a6302015exhibit321.htm |
| EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - HORTON D R INC /DE/ | a6302015exhibit322.htm |
Exhibit 12.1
D.R. HORTON, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended June 30, 2015 | For the Fiscal Year Ended September 30, | |||||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||
($ in millions) | ||||||||||||||||||||||||
Consolidated income before income taxes | $ | 784.6 | $ | 814.2 | $ | 657.8 | $ | 242.9 | $ | 12.1 | $ | 99.5 | ||||||||||||
Noncontrolling interests in losses before income taxes of majority owned subsidiaries which have incurred losses | — | — | — | — | — | (0.2 | ) | |||||||||||||||||
Amortization of capitalized interest | 112.1 | 124.4 | 110.9 | 94.1 | 92.0 | 124.2 | ||||||||||||||||||
Interest expensed | 4.1 | 4.8 | 11.7 | 31.5 | 57.0 | 94.4 | ||||||||||||||||||
Earnings | $ | 900.8 | $ | 943.4 | $ | 780.4 | $ | 368.5 | $ | 161.1 | $ | 317.9 | ||||||||||||
Interest incurred | $ | 130.4 | $ | 190.6 | $ | 177.3 | $ | 128.7 | $ | 136.7 | $ | 181.3 | ||||||||||||
Fixed charges | $ | 130.4 | $ | 190.6 | $ | 177.3 | $ | 128.7 | $ | 136.7 | $ | 181.3 | ||||||||||||
Ratio of earnings to fixed charges | 6.91 | 4.95 | 4.40 | 2.86 | 1.18 | 1.75 | ||||||||||||||||||