Attached files
file | filename |
---|---|
EX-31.1 - EXHIBIT 31.1 - ManpowerGroup Inc. | q22015exhibit311.htm |
EX-31.2 - EXHIBIT 31.2 - ManpowerGroup Inc. | q22015exhibit312.htm |
EX-32.1 - EXHIBIT 32.1 - ManpowerGroup Inc. | q22015exhibit321.htm |
EX-32.2 - EXHIBIT 32.2 - ManpowerGroup Inc. | q22015exhibit322.htm |
10-Q - 10-Q - ManpowerGroup Inc. | man-063015x10q.htm |
Exhibit 12.1
STATEMENT REGARDING COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
MANPOWERGROUP INC.
(in millions)
6 Months Ended | ||||
June 30, 2015 | ||||
Earnings: | ||||
Earnings before income taxes | $ | 283.7 | ||
Fixed charges | 60.2 | |||
$ | 343.9 | |||
Fixed charges: | ||||
Interest (expensed or capitalized) | $ | 16.8 | ||
Estimated interest portion of rent expense | 43.4 | |||
$ | 60.2 | |||
Ratio of earnings to fixed charges | 5.7 |
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
Earnings: | |||||||||||||||||||
Earnings before income taxes | $ | 681.6 | $ | 475.5 | $ | 368.4 | $ | 479.9 | $ | (165.2 | ) | ||||||||
Fixed charges | 133.6 | 159.7 | 165.1 | 170.2 | 161.9 | ||||||||||||||
$ | 815.2 | $ | 635.2 | $ | 533.5 | $ | 650.1 | $ | (3.3 | ) | |||||||||
Fixed charges: | |||||||||||||||||||
Interest (expensed or capitalized) | $ | 35.1 | $ | 43.2 | $ | 42.5 | $ | 43.1 | $ | 42.4 | |||||||||
Estimated interest portion of rent expense | 98.5 | 116.5 | 122.6 | 127.1 | 119.5 | ||||||||||||||
$ | 133.6 | $ | 159.7 | $ | 165.1 | $ | 170.2 | $ | 161.9 | ||||||||||
Ratio of earnings to fixed charges | 6.1 | 4.0 | 3.2 | 3.8 | (0.0) |
Note: The calculation of ratio of earnings to fixed charges set forth above is in accordance with Regulation S-K, Item 601(b)(12). This calculation is different than the fixed charge ratio that is required by our various borrowing facilities.