Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 CEO AND CFO CERTIFICATION - TEREX CORP | tex93015-ex32.htm |
| EX-10.19 - EXHIBIT 10.19 COMMITMENT LETTER DATED 8-10-2015 - TEREX CORP | tex93015-ex1019.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - TEREX CORP | tex93015-ex311.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - TEREX CORP | tex93015-ex312.htm |
| 10-Q - 10-Q 09.30.2015 - TEREX CORP | tex930201510-q.htm |
Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||||
Earnings: | ||||||||||||||||||
Income (loss) before income taxes | $ | 76.9 | $ | 86.4 | $ | 206.3 | $ | 257.8 | ||||||||||
Adjustments: | ||||||||||||||||||
Undistributed (income) loss of less than 50% owned investments | 0.3 | (1.1 | ) | (3.3 | ) | (0.9 | ) | |||||||||||
Fixed charges | 32.2 | 39.7 | 102.2 | 119.2 | ||||||||||||||
Earnings | $ | 109.4 | $ | 125.0 | $ | 305.2 | $ | 376.1 | ||||||||||
Fixed charges: | ||||||||||||||||||
Interest expense, including debt discount amortization | $ | 24.7 | $ | 28.8 | $ | 79.9 | $ | 90.9 | ||||||||||
Amortization/writeoff of debt issuance costs | 1.3 | 4.4 | 4.1 | 8.6 | ||||||||||||||
Portion of rental expense representative of interest factor (assumed to be 33%) | 6.2 | 6.5 | 18.2 | 19.7 | ||||||||||||||
Fixed charges | $ | 32.2 | $ | 39.7 | $ | 102.2 | $ | 119.2 | ||||||||||
Ratio of earnings to fixed charges | 3.4 | x | 3.1 | x | 3.0 | x | 3.2 | x | ||||||||||
Amount of earnings deficiency for coverage of fixed charges | $ | — | $ | — | $ | — | $ | — | ||||||||||