Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - Archer-Daniels-Midland Co | adm-ex321_2017930xq3.htm |
| EX-32.2 - EXHIBIT 32.2 - Archer-Daniels-Midland Co | adm-ex322_2017930xq3.htm |
| 10-Q - 10-Q - Archer-Daniels-Midland Co | adm-2017930x10q.htm |
| EX-31.2 - EXHIBIT 31.2 - Archer-Daniels-Midland Co | adm-ex312_2017930xq3.htm |
| EX-31.1 - EXHIBIT 31.1 - Archer-Daniels-Midland Co | adm-ex311_2017930xq3.htm |
Exhibit 12
Calculation of Ratio of Earnings to Fixed Charges
Archer Daniels Midland Company
Expressed in Thousands
Fiscal | Six Months | Nine Months | |||||||||||||||||||||||||
Year Ended | Ended | Year Ended | Year Ended | Year Ended | Year Ended | Ended | |||||||||||||||||||||
30-Jun | 31-Dec | 31-Dec | 31-Dec | 31-Dec | 31-Dec | 30-Sept | |||||||||||||||||||||
2012 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |||||||||||||||||||||
Earnings | |||||||||||||||||||||||||||
Earnings Before Income Taxes | $ | 1,764,898 | $ | 997,275 | $ | 2,023,341 | $ | 3,129,966 | $ | 2,284,045 | $ | 1,822,158 | $ | 1,065,271 | |||||||||||||
Less: Equity in Earnings of | |||||||||||||||||||||||||||
Unconsolidated Affiliates, Net of | |||||||||||||||||||||||||||
Dividends | (243,121) | (200,833) | (285,263) | (214,979) | (49,693) | (60,870) | (130,882) | ||||||||||||||||||||
Less: Capitalized Interest | |||||||||||||||||||||||||||
Included in Interest Expense Below | (20,869) | (11,548) | (16,434) | (17,863) | (10,761) | (19,602) | (14,372) | ||||||||||||||||||||
Less: Noncontrolling Interest | (18,387) | (2,184) | (11,868) | (4,553) | 3,089 | (9,112) | (2,974) | ||||||||||||||||||||
Total Earnings | 1,482,521 | 782,710 | 1,709,776 | 2,892,571 | 2,226,680 | 1,732,574 | 917,043 | ||||||||||||||||||||
Fixed Charges | |||||||||||||||||||||||||||
Interest Expenses: | |||||||||||||||||||||||||||
Consolidated Interest Expense | 441,765 | 212,527 | 412,810 | 336,633 | 307,941 | 292,547 | 245,768 | ||||||||||||||||||||
Capitalized Interest | 20,869 | 11,548 | 16,434 | 17,863 | 10,761 | 19,602 | 14,372 | ||||||||||||||||||||
Total Interest Expense | 462,634 | 224,075 | 429,244 | 354,496 | 318,702 | 312,149 | 260,140 | ||||||||||||||||||||
One Third of Rental Expenses | 69,648 | 35,295 | 66,311 | 64,681 | 77,202 | 81,713 | 62,253 | ||||||||||||||||||||
Total Fixed Charges | 532,282 | 259,370 | 495,555 | 419,177 | 395,904 | 393,862 | 322,393 | ||||||||||||||||||||
Earnings Available for Fixed Charges | $ | 2,014,803 | $ | 1,042,080 | $ | 2,205,331 | $ | 3,311,748 | $ | 2,622,584 | $ | 2,126,436 | $ | 1,239,436 | |||||||||||||
Ratio of Earnings to Fixed Charges | 3.79 | 4.02 | 4.45 | 7.90 | 6.62 | 5.40 | 3.84 | ||||||||||||||||||||