Neenah Inc - FORM 10-K - EX-12 - EXHIBIT 12 - February 24, 2017

Attached files

file filename
EX-32.2 - EXHIBIT 32.2 - Neenah Incnp20161231ex-322.htm
EX-32.1 - EXHIBIT 32.1 - Neenah Incnp20161231ex-321.htm
EX-31.2 - EXHIBIT 31.2 - Neenah Incnp20161231ex-312.htm
EX-31.1 - EXHIBIT 31.1 - Neenah Incnp20161231ex-311.htm
EX-24 - EXHIBIT 24 - Neenah Incpowerofattorney.htm
EX-23 - EXHIBIT 23 - Neenah Incconsent.htm
EX-21 - EXHIBIT 21 - Neenah Inclistofsubsidiaries.htm
EX-10.5 - EXHIBIT 10.5 - Neenah Incneenahpaperamendedandresta.htm
10-K - 10-K - Neenah Incnp2016123110kdoc.htm


Exhibit 12
NEENAH PAPER, INC. AND SUBSIDIARIES
STATEMENT REGARDING THE COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio of earnings to fixed charges)


 
 
Year ended December 31,
 
 
2016
 
2015
 
2014
 
2013
 
2012
Income from continuing operations before taxes
 
103.0

 
89.9

 
75.5

 
71.6

 
53.5

Plus fixed charges
 
13.3

 
13.5

 
12.9

 
12.6

 
14.8

Numerator
 
116.3

 
103.4

 
88.4

 
84.2

 
68.3

Interest expense (including amortization of debt issuance costs)
 
11.2

 
11.7

 
11.4

 
11.2

 
13.5

Interest portion of rent expense (a)
 
2.1

 
1.8

 
1.5

 
1.4

 
1.3

Fixed charges
 
13.3

 
13.5

 
12.9

 
12.6

 
14.8

Ratio of earnings to fixed charges
 
8.7x

 
7.7x

 
6.9x

 
6.7x

 
4.6x

____________________________
(a) Represents one-third of rent expense which is deemed to be the financing portion of the lease agreements.



Neenah Inc Reports