Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - Hewlett Packard Enterprise Co | hpe-07312016xex311.htm |
| 10-Q - 10-Q - Hewlett Packard Enterprise Co | hpe-07312016x10q.htm |
| EX-32 - EXHIBIT 32 - Hewlett Packard Enterprise Co | hpe-07312016xex32.htm |
| EX-31.2 - EXHIBIT 31.2 - Hewlett Packard Enterprise Co | hpe-07312016xex312.htm |
Exhibit 12
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
Statements of Computation of Ratio of Earnings to Fixed Charges(1)
Nine months ended July 31, 2016 | For the fiscal years ended October 31 | ||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
In Millions, except ratios | |||||||||||||||||||||||
Earnings (loss): | |||||||||||||||||||||||
Earnings (loss) before taxes | $ | 3,089 | $ | 1,470 | $ | 2,244 | $ | 2,871 | $ | (14,314 | ) | $ | 5,686 | ||||||||||
Adjustments: | |||||||||||||||||||||||
Non-controlling interests in the income of subsidiaries with fixed charges | 43 | 51 | 46 | 69 | 102 | 75 | |||||||||||||||||
Undistributed (earnings) loss of equity method investees | 72 | 2 | (4 | ) | (4 | ) | (6 | ) | (2 | ) | |||||||||||||
Fixed charges | 571 | 507 | 629 | 658 | 698 | 767 | |||||||||||||||||
$ | 3,775 | $ | 2,030 | $ | 2,915 | $ | 3,594 | $ | (13,520 | ) | $ | 6,526 | |||||||||||
Fixed charges: | |||||||||||||||||||||||
Total interest expense, including interest expense on borrowings, amortization of debt discount and premium on all indebtedness and other | $ | 430 | $ | 280 | $ | 357 | $ | 381 | $ | 389 | $ | 397 | |||||||||||
Interest included in rent | 141 | 227 | 272 | 277 | 309 | 370 | |||||||||||||||||
Total fixed charges | $ | 571 | $ | 507 | $ | 629 | $ | 658 | $ | 698 | $ | 767 | |||||||||||
Ratio of earnings to fixed charges (excess of fixed charges over earnings) | 6.6x | 4.0x | 4.6x | 5.5x | $ | (14,218 | ) | 8.5x | |||||||||||||||
_______________________________________________________________________________
(1) | The Company computed the ratio of earnings to fixed charges by dividing earnings (earnings (loss) before taxes, adjusted for fixed charges, non-controlling interests in the income of subsidiaries with fixed charges and undistributed (earnings) or loss of equity method investees) by fixed charges for the periods indicated. Fixed charges include (i) interest expense on borrowings and amortization of debt discount or premium on all indebtedness and other, and (ii) a reasonable approximation of the interest factor deemed to be included in rent expense. |