Attached files
| file | filename |
|---|---|
| 10-K - 10-K - Western Union CO | wu-12312016x10k.htm |
| EX-32 - EXHIBIT 32 - Western Union CO | wu-12312016xex32.htm |
| EX-31.2 - EXHIBIT 31.2 - Western Union CO | wu-12312016xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - Western Union CO | wu-12312016xex311.htm |
| EX-23 - EXHIBIT 23 - Western Union CO | wu-12312016xex23.htm |
| EX-21 - EXHIBIT 21 - Western Union CO | wu-12312016xex21.htm |
Exhibit 12
THE WESTERN UNION COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(unaudited)
(in millions)
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 341.7 | $ | 941.8 | $ | 968.2 | $ | 926.9 | $ | 1,168.8 | |||||||||
Fixed charges | 157.1 | 175.6 | 182.7 | 198.8 | 177.8 | ||||||||||||||
Other adjustments | 2.7 | (6.9 | ) | (3.2 | ) | (0.7 | ) | 5.3 | |||||||||||
Total earnings (a) | $ | 501.5 | $ | 1,110.5 | $ | 1,147.7 | $ | 1,125.0 | $ | 1,351.9 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 152.5 | $ | 167.9 | $ | 176.6 | $ | 195.6 | $ | 179.6 | |||||||||
Other adjustments | 4.6 | 7.7 | 6.1 | 3.2 | (1.8 | ) | |||||||||||||
Total fixed charges (b) | $ | 157.1 | $ | 175.6 | $ | 182.7 | $ | 198.8 | $ | 177.8 | |||||||||
Ratio of earnings to fixed charges (a/b) | 3.2 | 6.3 | 6.3 | 5.7 | 7.6 | ||||||||||||||
For purposes of calculating the ratio of earnings to fixed charges, earnings have been calculated by adding income before income taxes, fixed charges included in the determination of income before income taxes and distributions from equity method investments, and then subtracting income from equity method investments. Fixed charges consist of interest expense, and an estimated interest portion of rental expenses and income tax contingencies, which are included as a component of income tax expense.