Attached files
file | filename |
---|---|
EX-32.2 - EXHIBIT 32.2 - CDK Global, Inc. | q4fy17exhibit322.htm |
10-K - 10-K - CDK Global, Inc. | cdk_q4fy1710-k.htm |
EX-32.1 - EXHIBIT 32.1 - CDK Global, Inc. | q4fy17exhibit321.htm |
EX-31.2 - EXHIBIT 31.2 - CDK Global, Inc. | q4fy17exhibit312.htm |
EX-31.1 - EXHIBIT 31.1 - CDK Global, Inc. | q4fy17exhibit311.htm |
EX-23.1 - EXHIBIT 23.1 - CDK Global, Inc. | q4fy17exhibit231.htm |
EX-21.1 - EXHIBIT 21.1 - CDK Global, Inc. | q4fy17exhibit211.htm |
EX-10.11 - EXHIBIT 10.11 - CDK Global, Inc. | q4fy17exhibit1011.htm |
EX-10.6 - EXHIBIT 10.6 - CDK Global, Inc. | q4fy17exhibit106.htm |
Exhibit 12.1
CDK Global, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in millions)
Years Ended June 30, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings before income taxes | $ | 435.3 | $ | 369.1 | $ | 299.9 | $ | 353.3 | $ | 320.7 | |||||||||
Less: (income) loss from equity investees | (5.9 | ) | (4.7 | ) | (3.1 | ) | (0.6 | ) | 0.6 | ||||||||||
Add: fixed charges | 72.4 | 56.5 | 43.7 | 12.3 | 10.0 | ||||||||||||||
Earnings before income taxes and fixed charges | $ | 501.8 | $ | 420.9 | $ | 340.5 | $ | 365.0 | $ | 331.3 | |||||||||
Interest expense | $ | 57.2 | $ | 40.2 | $ | 28.8 | $ | 1.0 | $ | 0.9 | |||||||||
Interest component of rental expense(1) | 15.2 | 16.3 | 14.9 | 11.3 | 9.1 | ||||||||||||||
Fixed charges | $ | 72.4 | $ | 56.5 | $ | 43.7 | $ | 12.3 | $ | 10.0 | |||||||||
Ratio of earnings to fixed charges | 6.93 | 7.45 | 7.79 | 29.67 | 33.13 |
(1) The interest component of rental expense is estimated to be one-third of rental expense.