Spirit AeroSystems Holdings, Inc. - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - February 10, 2017

Attached files

file filename
EX-32.2 - EXHIBIT 32.2 - Spirit AeroSystems Holdings, Inc.spr-20161231xex32210xk.htm
EX-32.1 - EXHIBIT 32.1 - Spirit AeroSystems Holdings, Inc.spr-20161231xex32110xk.htm
EX-31.2 - EXHIBIT 31.2 - Spirit AeroSystems Holdings, Inc.spr-20161231xex31210xk.htm
EX-31.1 - EXHIBIT 31.1 - Spirit AeroSystems Holdings, Inc.spr-20161231xex31110xk.htm
EX-23.1 - EXHIBIT 23.1 - Spirit AeroSystems Holdings, Inc.exhibit2312016.htm
EX-21.1 - EXHIBIT 21.1 - Spirit AeroSystems Holdings, Inc.exhibit21120162.htm
EX-10.55 - EXHIBIT 10.55 - Spirit AeroSystems Holdings, Inc.spr-20161231xex105510k.htm
EX-10.54 - EXHIBIT 10.54 - Spirit AeroSystems Holdings, Inc.spr-20161231xex105410xk.htm
EX-10.53 - EXHIBIT 10.53 - Spirit AeroSystems Holdings, Inc.spr-20161231xex105310xk.htm
EX-10.5 - EXHIBIT 10.5 - Spirit AeroSystems Holdings, Inc.spr-20161231xex10510xk.htm
EX-4.10 - EXHIBIT 4.10 - Spirit AeroSystems Holdings, Inc.spr-20161231xex41010xk.htm
EX-4.9 - EXHIBIT 4.9 - Spirit AeroSystems Holdings, Inc.spr-20161231xex4910xk.htm
10-K - 10-K - Spirit AeroSystems Holdings, Inc.spr-20161231x10k.htm


EXHIBIT 12.1

Spirit AeroSystems Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
($ in millions, except ratios)
 
Spirit Holdings
 
Twelve Months Ended
 
December 31, 2016
 
December 31, 2015
 
December 31, 2014
 
December 31, 2013
 
December 31, 2012
Earnings:
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and equity in net income (loss) of affiliates
$
660.5

 
$
808.2

 
$
262.4

 
$
(430.8
)
 
$
11.4

Add: Fixed charges (from below)
69.2

 
64.6

 
99.0

 
81.9

 
95.1

Add: Amortization of capitalized interest
4.8

 
4.2

 
4.1

 
3.8

 
3.6

Add: Distributed income of equity investee
1.2

 
1.2

 
0.5

 
0.5

 
(0.7
)
Subtract: Capitalized interest expense
6.7

 
6.0

 
4.0

 
5.8

 
7.5

 
$
729.0

 
$
872.2

 
$
362.0

 
$
(350.4
)
 
$
101.9

Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense (including amortization of debt issuance costs, debt discounts and premiums)
$
57.3

 
$
52.7

 
$
88.1

 
$
70.1

 
$
82.9

Add: Capitalized interest expense
6.7

 
6.0

 
4.0

 
5.8

 
7.5

Add: Portion of rentals representing interest (1/3 of Operating Lease Payments)
5.1

 
5.9

 
6.9

 
6.0

 
4.6

 
$
69.1

 
$
64.6

 
$
99.0

 
$
81.9

 
$
95.0

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
10.5

 
13.5

 
3.7

 
(4.3
)
 
1.1

 
 
 
 
 
 
 
 
 
 



Stock widget

Investing forum

Spirit AeroSystems Holdings, Inc. Reports