Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 SECTION 906 CERTIFICATION OF MATTHEW C. FLANIGAN - LEGGETT & PLATT INC | legex322q32016.htm |
| 10-Q - 10-Q - LEGGETT & PLATT INC | legq3201610q.htm |
| EX-32.1 - EXHIBIT 32.1 SECTION 906 CERTIFICATION OF KARL G. GLASSMAN - LEGGETT & PLATT INC | legex321q32016.htm |
| EX-31.2 - EXHIBIT 31.2 SECTION 302 CERTIFICATION OF MATTHEW C. FLANIGAN - LEGGETT & PLATT INC | legex312q32016.htm |
| EX-31.1 - EXHIBIT 31.1 SECTION 302 CERTIFICATION OF KARL G. GLASSMAN - LEGGETT & PLATT INC | legex311q32016.htm |
Exhibit 12 | |||||||||||||||||||||||||||
Leggett & Platt, Incorporated and Subsidiaries | |||||||||||||||||||||||||||
Computation of Ratio of Earnings to Fixed Charges | |||||||||||||||||||||||||||
(Amounts in millions of dollars) | |||||||||||||||||||||||||||
Nine Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||
2016 | 2015 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||||
Earnings: | |||||||||||||||||||||||||||
Pre-tax income from continuing operations including equity-method investment earnings (a) | $377.1 | $343.3 | $449.8 | $295.5 | $237.6 | $287.5 | $234.4 | ||||||||||||||||||||
Add: | |||||||||||||||||||||||||||
Interest expense and amortization of interest rate swaps and debt discount and premium on all indebtedness (including amount capitalized) | 29.4 | 32.5 | 41.8 | 42.3 | 45.2 | 44.0 | 38.8 | ||||||||||||||||||||
Portion of rental expense under operating leases representative of an interest factor (b) | 14.3 | 14.0 | 17.3 | 17.0 | 16.5 | 16.0 | 14.6 | ||||||||||||||||||||
Amortization of capitalized interest | .8 | .8 | 1.0 | 1.0 | .9 | .9 | 1.0 | ||||||||||||||||||||
Less: | |||||||||||||||||||||||||||
Equity-method investment (earnings) loss | (.3 | ) | (.2 | ) | (.4 | ) | (.3 | ) | (.5 | ) | (.6 | ) | (.4 | ) | |||||||||||||
Interest capitalized | (.5 | ) | (.4 | ) | (.7 | ) | (.5 | ) | (.5 | ) | (.6 | ) | (.7 | ) | |||||||||||||
Total Earnings (c) | $ | 420.8 | $ | 390.0 | $ | 508.8 | $ | 355.0 | $ | 299.2 | $ | 347.2 | $ | 287.7 | |||||||||||||
Fixed Charges: | |||||||||||||||||||||||||||
Interest expense and amortization of interest rate swaps and debt discount and premium on all indebtedness | $28.9 | $32.1 | $41.1 | $41.8 | $44.7 | $43.4 | $38.1 | ||||||||||||||||||||
Interest capitalized | .5 | .4 | .7 | .5 | .5 | .6 | .7 | ||||||||||||||||||||
Portion of rental expense under operating leases representative of an interest factor (b) | 14.3 | 14.0 | 17.3 | 17.0 | 16.5 | 16.0 | 14.6 | ||||||||||||||||||||
Total Fixed Charges | $ | 43.7 | $ | 46.5 | $ | 59.1 | $ | 59.3 | $ | 61.7 | $ | 60.0 | $ | 53.4 | |||||||||||||
Ratio of Earnings to Fixed Charges | 9.6 | 8.4 | 8.6 | 6.0 | 4.8 | 5.8 | 5.4 | ||||||||||||||||||||
(a) | 2011 - 2013 amounts have been retrospectively adjusted to reflect the reclassification of certain operations to discontinued operations. |
(b) | Estimated portion of rent expense representing interest. |
(c) | Earnings consist principally of income from continuing operations before income taxes, plus fixed charges less capitalized interest. Fixed charges consist principally of interest costs. |