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.