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10-Q - 10-Q - RYDER SYSTEM INCryder1stquarter201610-q.htm
EX-32 - EXHIBIT 32 - RYDER SYSTEM INCryderex32-q12016.htm
EX-31.2 - EXHIBIT 31.2 - RYDER SYSTEM INCryderex312-q12016.htm
EX-31.1 - EXHIBIT 31.1 - RYDER SYSTEM INCryderex311-q12016.htm
EX-10.1(E) - EXHIBIT 10.1(E) - RYDER SYSTEM INCryderex101e-q12016.htm


EXHIBIT 12.1
Ryder System, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
Continuing Operations
(Dollars in thousands)
 
 
 
 
 
 
For the Three Months Ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EARNINGS:
 
 
 
 
 
 
 
Earnings before income taxes
 
 
 
 
 
$
88,708

 
Fixed charges
 
 
 
 
 
48,793

 
Add: Amortization of capitalized interest
 
 
 
 
 
148

 
Less: Interest capitalized
 
 
 
 
 

 
Earnings available for fixed charges (A)
 
 
 
 
 
$
137,649

 
 
 
 
 
 
 
 
 
FIXED CHARGES:
 
 
 
 
 
 
 
Interest and other financial charges
 
 
 
 
 
$
37,964

 
Portion of rents representing interest expense
 
 
 
 
 
10,829

 
Total fixed charges (B)
 
 
 
 
 
$
48,793

 
 
 
 
 
 
 
 
 
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B)
 
 
 
 
 
2.82x