Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 CEO AND CFO CERTIFICATION - TEREX CORP | tex9302017-ex32.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - TEREX CORP | tex9302017-ex312.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - TEREX CORP | tex9302017-ex311.htm |
| 10-Q - 10-Q 09.30.2017 - TEREX CORP | tex930201710-q.htm |
Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2017 | 2016 | 2017 | 2016 | |||||||||||||
Earnings: | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 56.7 | $ | 13.9 | $ | 86.6 | $ | 38.3 | ||||||||
Adjustments: | ||||||||||||||||
Undistributed (income) loss of less than 50% owned investments | (0.5 | ) | (0.3 | ) | 0.2 | 0.1 | ||||||||||
Fixed charges | 19.5 | 28.9 | 114.4 | 87.0 | ||||||||||||
Earnings (loss) | $ | 75.7 | $ | 42.5 | $ | 201.2 | $ | 125.4 | ||||||||
Fixed charges: | ||||||||||||||||
Interest expense, including debt discount amortization | 14.5 | 24.0 | $ | 48.7 | $ | 71.5 | ||||||||||
Amortization/writeoff of debt issuance costs | 1.7 | 1.4 | 55.9 | 4.5 | ||||||||||||
Portion of rental expense representative of interest factor (assumed to be 33%) | 3.3 | 3.5 | 9.8 | 11.0 | ||||||||||||
Fixed charges | $ | 19.5 | $ | 28.9 | $ | 114.4 | $ | 87.0 | ||||||||
Ratio of earnings to fixed charges | 3.9 | 1.5 | 1.8 | 1.4 | ||||||||||||
Amount of earnings deficiency for coverage of fixed charges | $ | — | $ | — | $ | — | $ | — | ||||||||