Attached files
| file | filename |
|---|---|
| EX-3.8 - EXHIBIT 3.8 - CDW Corp | cdw-20151231x10kxex38.htm |
| EX-3.7 - EXHIBIT 3.7 - CDW Corp | cdw-20151231x10kxex37.htm |
| EX-31.1 - EXHIBIT 31.1 - CDW Corp | cdw-20151231x10kxex311.htm |
| EX-31.2 - EXHIBIT 31.2 - CDW Corp | cdw-20151231x10kxex312.htm |
| EX-23.1 - EXHIBIT 23.1 - CDW Corp | cdw-20151231x10kxex231.htm |
| EX-32.2 - EXHIBIT 32.2 - CDW Corp | cdw-20151231x10kxex322.htm |
| EX-21.1 - EXHIBIT 21.1 - CDW Corp | cdw-20151231x10kxex211.htm |
| 10-K - 10-K - CDW Corp | cdw-20151231x10k.htm |
| EX-32.1 - EXHIBIT 32.1 - CDW Corp | cdw-20151231x10kxex321.htm |
EXHIBIT 12.1
CDW CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(unaudited)
(unaudited)
Years Ended December 31, | |||||||||||||||||||
(dollars in millions) | 2011 | 2012 | 2013 | 2014 | 2015 | ||||||||||||||
Computation of earnings: | |||||||||||||||||||
Income before income taxes and adjustment for (income) loss from equity investees | $ | 28.3 | $ | 185.8 | $ | 194.9 | $ | 385.5 | $ | 657.2 | |||||||||
Distributed income from equity investees | 0.5 | 1.2 | 1.0 | 1.1 | 1.0 | ||||||||||||||
Fixed charges | 324.9 | 312.4 | 254.3 | 202.8 | 164.5 | ||||||||||||||
Total earnings | $ | 353.7 | $ | 499.4 | $ | 450.2 | $ | 589.4 | $ | 822.7 | |||||||||
Computation of fixed charges: | |||||||||||||||||||
Interest expense | $ | 302.0 | $ | 294.4 | $ | 241.8 | $ | 191.3 | $ | 153.5 | |||||||||
Amortization of deferred financing costs, debt premium and debt discount | 15.7 | 13.6 | 8.8 | 6.4 | 6.4 | ||||||||||||||
Portion of rent expense representative of interest (1) | 7.2 | 4.4 | 3.7 | 5.1 | 4.6 | ||||||||||||||
Total fixed charges | $ | 324.9 | $ | 312.4 | $ | 254.3 | $ | 202.8 | $ | 164.5 | |||||||||
Ratio of earnings to fixed charges | 1.1 | 1.6 | 1.8 | 2.9 | 5.0 | ||||||||||||||
(1) | Fixed charges include a reasonable estimation of the interest factor included in rental expense. |