Attached files
file | filename |
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EX-32 - EXHIBIT 32 CEO AND CFO CERTFICATION - TEREX CORP | tex123115ex-32.htm |
EX-21.1 - EXHIBIT 21.1 SUBSIDIARIES OF TEREX CORPORATION - TEREX CORP | tex123115ex-211.htm |
EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - TEREX CORP | tex123115ex-311.htm |
EX-24.1 - EXHIBIT 24.1 POWER OF ATTORNEY - TEREX CORP | tex123115ex-241.htm |
EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - TEREX CORP | tex123115ex-312.htm |
EX-23.1 - EXHIBIT 23.1 CONSENT OF INDEPENDANT REGISTERED PUBLIC ACCOUNTING FIRM PWC - TEREX CORP | tex123115ex-231.htm |
10-K - 10-K TEREX CORPORATION 10-K DECEMBER 31, 2015 - TEREX CORP | tex201510-k.htm |
EXHIBIT 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
Year Ended December 31, | |||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
EARNINGS | |||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 226.6 | $ | 297.2 | $ | 291.3 | $ | 126.3 | $ | 65.6 | |||||||||||||
Adjustments: | |||||||||||||||||||||||
Undistributed (income) loss of less than 50% owned investments | (5.4 | ) | 1.0 | (4.2 | ) | (2.3 | ) | (3.5 | ) | ||||||||||||||
Fixed charges | 136.2 | 155.3 | 165.2 | 283.1 | 170.6 | ||||||||||||||||||
Earnings (loss) | $ | 357.4 | $ | 453.5 | $ | 452.3 | $ | 407.1 | $ | 232.7 | |||||||||||||
FIXED CHARGES | |||||||||||||||||||||||
Interest expense, including debt discount amortization | 104.6 | 119.1 | 126.1 | 164.6 | 134.9 | ||||||||||||||||||
Amortization/writeoff of debt issuance costs | 5.4 | 10.0 | 13.7 | 92.6 | 15.8 | ||||||||||||||||||
Portion of rental expense representative of interest factor (assumed to be 33%) | 26.2 | 26.2 | 25.4 | 25.9 | 19.9 | ||||||||||||||||||
Fixed charges | $ | 136.2 | $ | 155.3 | $ | 165.2 | $ | 283.1 | $ | 170.6 | |||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 2.6 | x | 2.9 | x | 2.7 | x | 1.4 | x | 1.4 | ||||||||||||||
AMOUNT OF EARNINGS DEFICIENCY FOR COVERAGE OF FIXED CHARGES | $ | — | $ | — | $ | — | $ | — | $ | — |