Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - HORTON D R INC /DE/ | a331201610q.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302(A) - HORTON D R INC /DE/ | a3312016exhibit311.htm |
| EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - HORTON D R INC /DE/ | a3312016exhibit321.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302(A) - HORTON D R INC /DE/ | a3312016exhibit312.htm |
| EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - HORTON D R INC /DE/ | a3312016exhibit322.htm |
Exhibit 12.1
D.R. HORTON, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended March 31, 2016 | For the Fiscal Year Ended September 30, | |||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||
($ in millions) | ||||||||||||||||||||||||
Consolidated income before income taxes | $ | 541.8 | $ | 1,123.4 | $ | 814.2 | $ | 657.8 | $ | 242.9 | $ | 12.1 | ||||||||||||
Amortization of capitalized interest | 76.1 | 159.7 | 124.4 | 110.9 | 94.1 | 92.0 | ||||||||||||||||||
Interest expensed | 2.9 | 5.6 | 4.8 | 11.7 | 31.5 | 57.0 | ||||||||||||||||||
Earnings | $ | 620.8 | $ | 1,288.7 | $ | 943.4 | $ | 780.4 | $ | 368.5 | $ | 161.1 | ||||||||||||
Interest incurred | $ | 85.5 | $ | 174.8 | $ | 190.6 | $ | 177.3 | $ | 128.7 | $ | 136.7 | ||||||||||||
Fixed charges | $ | 85.5 | $ | 174.8 | $ | 190.6 | $ | 177.3 | $ | 128.7 | $ | 136.7 | ||||||||||||
Ratio of earnings to fixed charges | 7.26 | 7.37 | 4.95 | 4.40 | 2.86 | 1.18 | ||||||||||||||||||