Attached files
| file | filename |
|---|---|
| EX-31.(A) - EX-31.(A) - PACCAR FINANCIAL CORP | d293479dex31a.htm |
| EX-32.(A) - EX-32.(A) - PACCAR FINANCIAL CORP | d293479dex32a.htm |
| EX-31.(B) - EX-31.(B) - PACCAR FINANCIAL CORP | d293479dex31b.htm |
| EX-23 - EX-23 - PACCAR FINANCIAL CORP | d293479dex23.htm |
| EX-12.(A) - EX-12.(A) - PACCAR FINANCIAL CORP | d293479dex12a.htm |
| 10-K - 10-K - PACCAR FINANCIAL CORP | d293479d10k.htm |
Exhibit 12(b)
PACCAR Financial Corp.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO THE SUPPORT AGREEMENT
BETWEEN THE COMPANY AND PACCAR
(Millions of Dollars)
| Year ended December 31 | ||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| FIXED CHARGES |
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| Interest expense |
$ | 76.6 | $ | 60.2 | $ | 53.4 | $ | 58.9 | $ | 59.2 | ||||||||||
| Facility and equipment rental |
1.4 | 1.6 | 1.6 | 1.5 | 1.5 | |||||||||||||||
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| TOTAL FIXED CHARGES |
$ | 78.0 | $ | 61.8 | $ | 55.0 | $ | 60.4 | $ | 60.7 | ||||||||||
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| EARNINGS |
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| Income before income taxes |
$ | 139.2 | $ | 182.2 | $ | 175.0 | $ | 159.4 | $ | 133.6 | ||||||||||
| Depreciation |
277.2 | 246.6 | 232.3 | 210.0 | 180.6 | |||||||||||||||
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| 416.4 | 428.8 | 407.3 | 369.4 | 314.2 | ||||||||||||||||
| FIXED CHARGES |
78.0 | 61.8 | 55.0 | 60.4 | 60.7 | |||||||||||||||
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| EARNINGS AS DEFINED |
$ | 494.4 | $ | 490.6 | $ | 462.3 | $ | 429.8 | $ | 374.9 | ||||||||||
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| RATIO OF EARNINGS TO FIXED CHARGES |
6.34x | 7.94x | 8.41x | 7.12x | 6.18x | |||||||||||||||
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