Attached files
| file | filename |
|---|---|
| EX-21 - SUBSIDIARIES OF THE WESTERN UNION COMPANY - Western Union CO | wu-12312015xex21.htm |
| EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - Western Union CO | wu-12312015xex23.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER OF THE WESTERN UNION COMPANY - Western Union CO | wu-12312015xex312.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER OF THE WESTERN UNION COMPANY - Western Union CO | wu-12312015xex311.htm |
| EX-3.2 - AMENDED AND RESTATED BY-LAWS OF THE COMPANY - Western Union CO | wu-12312015xexh32.htm |
| EX-10.16 - SEVERANCE/CHANGE IN CONTROL POLICY (EXECUTIVE COMMITTEE LEVEL) - Western Union CO | wu-12312015xex1016.htm |
| EX-10.13 - ORDER GRANTING STIPULATED MOTION TO EXTEND TIME FOR MONITOR EVALUATION - Western Union CO | wu-12312015xex1013.htm |
| 10-K - 10-K - Western Union CO | wu-12312015x10k.htm |
| EX-32 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER - Western Union CO | wu-12312015xex32.htm |
Exhibit 12
THE WESTERN UNION COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(unaudited)
(in millions)
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 941.8 | $ | 968.2 | $ | 926.9 | $ | 1,168.8 | $ | 1,274.6 | |||||||||
Fixed charges | 175.6 | 182.7 | 198.8 | 177.8 | 182.9 | ||||||||||||||
Other adjustments | (6.9 | ) | (3.2 | ) | (0.7 | ) | 5.3 | 2.6 | |||||||||||
Total earnings (a) | $ | 1,110.5 | $ | 1,147.7 | $ | 1,125.0 | $ | 1,351.9 | $ | 1,460.1 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 167.9 | $ | 176.6 | $ | 195.6 | $ | 179.6 | $ | 181.9 | |||||||||
Other adjustments | 7.7 | 6.1 | 3.2 | (1.8 | ) | 1.0 | |||||||||||||
Total fixed charges (b) | $ | 175.6 | $ | 182.7 | $ | 198.8 | $ | 177.8 | $ | 182.9 | |||||||||
Ratio of earnings to fixed charges (a/b) | 6.3 | 6.3 | 5.7 | 7.6 | 8.0 | ||||||||||||||
For purposes of calculating the ratio of earnings to fixed charges, earnings have been calculated by adding income before income taxes, fixed charges included in the determination of income before income taxes and distributions from equity method investments, and then subtracting income from equity method investments. Fixed charges consist of interest expense, and an estimated interest portion of rental expenses and income tax contingencies, which are included as a component of income tax expense.