Attached files
| file | filename |
|---|---|
| 10-Q - TEX 06.30.16 10-Q - TEREX CORP | tex630201610-q.htm |
| EX-32 - TEX 6.30.16-EX 32 CEO&CFO CERT - TEREX CORP | tex63016-ex32.htm |
| EX-31.2 - TEX 06.30.16-EX 31.2 CFO CERT - TEREX CORP | tex63016-ex312.htm |
| EX-31.1 - TEX 06.30.16-EX 31.1 CEO CERT - TEREX CORP | tex63016-ex311.htm |
Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Earnings: | |||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 42.5 | $ | 105.7 | $ | 24.4 | $ | 113.1 | |||||||
Adjustments: | |||||||||||||||
Undistributed (income) loss of less than 50% owned investments | — | 0.3 | 0.4 | 0.2 | |||||||||||
Fixed charges | 29.6 | 31.7 | 58.1 | 64.7 | |||||||||||
Earnings (loss) | $ | 72.1 | $ | 137.7 | $ | 82.9 | $ | 178.0 | |||||||
Fixed charges: | |||||||||||||||
Interest expense, including debt discount amortization | 24.2 | 26.6 | $ | 47.5 | $ | 54.2 | |||||||||
Amortization/writeoff of debt issuance costs | 1.7 | 1.3 | 3.1 | 2.6 | |||||||||||
Portion of rental expense representative of interest factor (assumed to be 33%) | 3.7 | 3.8 | 7.5 | 7.9 | |||||||||||
Fixed charges | $ | 29.6 | $ | 31.7 | $ | 58.1 | $ | 64.7 | |||||||
Ratio of earnings to fixed charges | 2.4 | 4.3 | 1.4 | 2.8 | |||||||||||