HORTON D R INC /DE/ - FORM 10-K - EX-12.1 - RATIO COMPUTATION - November 15, 2017

Attached files

file filename
EX-10.25 - EXECUTIVE COMPENSATION NOTIFICATION - CHAIRMAN,CEO,COO - HORTON D R INC /DE/a2017930-10kexhibit1025.htm
10-K - 10-K - HORTON D R INC /DE/a2017930-10k.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - HORTON D R INC /DE/a2017930-10kexhibit322.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - HORTON D R INC /DE/a2017930-10kexhibit321.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302(A) - HORTON D R INC /DE/a2017930-10kexhibit312.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302(A) - HORTON D R INC /DE/a2017930-10kexhibit311.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - HORTON D R INC /DE/a2017930-10kexhibit231.htm
EX-21.1 - SUBSIDIARIES OF D.R. HORTON, INC. - HORTON D R INC /DE/a2017930-10kexhibit211.htm
EX-10.29 - DIRECTOR, COMMITTEE AND CHAIRPERSON COMPENSATION - HORTON D R INC /DE/a2017930-10kexhibit1029.htm
EX-10.27 - EXECUTIVE COMPENSATION NOTIFICATION - CFO - HORTON D R INC /DE/a2017930-10kexhibit1027.htm


Exhibit 12.1
D.R. HORTON, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


 
 
For the Fiscal Year Ended September 30,
 
 
2017
 
2016
 
2015
 
2014
 
2013
 
 
($ in millions)
Consolidated income before income taxes
 
$
1,602.1

 
$
1,353.5

 
$
1,123.4

 
$
814.2

 
$
657.8

Amortization of capitalized interest
 
152.6

 
169.1

 
159.7

 
124.4

 
110.9

Interest expensed
 
6.6

 
6.2

 
5.6

 
4.8

 
11.7

Earnings
 
$
1,761.3

 
$
1,528.8

 
$
1,288.7

 
$
943.4

 
$
780.4

Interest incurred
 
$
135.9

 
$
158.5

 
$
174.8

 
$
190.6

 
$
177.3

Fixed charges
 
$
135.9

 
$
158.5

 
$
174.8

 
$
190.6

 
$
177.3

Ratio of earnings to fixed charges
 
12.96

 
9.65

 
7.37

 
4.95

 
4.40

 


HORTON D R INC /DE/ Reports