Attached files
file | filename |
---|---|
10-Q - 10-Q - MASTEC INC | mtz9301610-q.htm |
EX-32.2 - EXHIBIT 32.2 - MASTEC INC | mtz9301610-qex322.htm |
EX-32.1 - EXHIBIT 32.1 - MASTEC INC | mtz9301610-qex321.htm |
EX-31.2 - EXHIBIT 31.2 - MASTEC INC | mtz9301610-qex312.htm |
EX-31.1 - EXHIBIT 31.1 - MASTEC INC | mtz9301610-qex311.htm |
EX-4.1 - EXHIBIT 4.1 - MASTEC INC | mtz9301610-qex41.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollar amounts in thousands)
For the Nine Months Ended September 30, | |||||||
2016 | 2015 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 132,417 | $ | 522 | |||
Add: Fixed charges | 134,944 | 105,780 | |||||
Less: Undistributed earnings (losses) from equity method investees | 3,549 | (3,594 | ) | ||||
Total earnings | $ | 263,812 | $ | 109,896 | |||
Fixed charges: | |||||||
Interest expense | $ | 38,553 | $ | 36,320 | |||
Estimate of interest expense within rental expense | 96,391 | 69,460 | |||||
Total fixed charges | $ | 134,944 | $ | 105,780 | |||
Ratio of earnings to fixed charges | 2.0 | 1.0 |