Attached files
| file | filename |
|---|---|
| EX-24 - EXHIBIT 24 - CARPENTER TECHNOLOGY CORP | exhibit246-30x2016.htm |
| 10-K - 10-K - CARPENTER TECHNOLOGY CORP | crs630201610k.htm |
| EX-32 - EXHIBIT 32 - CARPENTER TECHNOLOGY CORP | exhibit326-30x2016.htm |
| EX-31.(B) - EXHIBIT 31(B) - CARPENTER TECHNOLOGY CORP | exhibit31b6-30x2016.htm |
| EX-31.(A) - EXHIBIT 31(A) - CARPENTER TECHNOLOGY CORP | exhibit31a6-30x2016.htm |
| EX-23 - EXHIBIT 23 - CARPENTER TECHNOLOGY CORP | exhibit236-30x2016.htm |
| EX-21 - EXHIBIT 21 - CARPENTER TECHNOLOGY CORP | exhibit216-30x2016.htm |
| EX-10.(S) - EXHIBIT 10(S) - CARPENTER TECHNOLOGY CORP | exhibit10s6-30x2016.htm |
Exhibit 12
Carpenter Technology Corporation
Computation of Ratios of Earnings to Fixed Charges - unaudited
Five Years Ended June 30, 2016
(dollars in millions)
Years Ended June 30, | |||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||
Fixed charges: | |||||||||||||||||||||
Interest costs (a) | $ | 29.9 | $ | 30.4 | $ | 32.1 | $ | 27.8 | $ | 25.0 | |||||||||||
Interest component of non-capitalized lease rental expense (b) | 3.8 | 4.0 | 4.3 | 4.1 | 3.3 | ||||||||||||||||
Total fixed charges | $ | 33.7 | $ | 34.4 | $ | 36.4 | $ | 31.9 | $ | 28.3 | |||||||||||
Earnings as defined: | |||||||||||||||||||||
Income before income taxes | $ | 21.5 | $ | 89.1 | $ | 196.4 | $ | 216.8 | $ | 188.6 | |||||||||||
Less income from less-than-fifty-percent owned entities, and loss on sale of partial interest in less-than-fifty percent owned entities | (0.6 | ) | (0.1 | ) | (0.6 | ) | (1.3 | ) | (0.6 | ) | |||||||||||
Noncontrolling interest in the income of subsidiary with fixed charges | — | — | — | (0.4 | ) | (0.4 | ) | ||||||||||||||
Fixed charges less interest capitalized | 31.8 | 31.7 | 21.3 | 25.1 | 27.1 | ||||||||||||||||
Amortization of capitalized interest | 1.3 | 1.4 | 1.4 | 1.5 | 1.8 | ||||||||||||||||
Earnings as defined | $ | 54.0 | $ | 122.1 | $ | 218.5 | $ | 241.7 | $ | 216.5 | |||||||||||
Ratio of earnings to fixed charges | 1.6x | 3.5x | 6.0x | 7.6x | 7.7x | ||||||||||||||||
(b) One-third of rental expense which approximates the interest component of non-capitalized leases.