Attached files
| file | filename |
|---|---|
| 10-K - 10-K - TIMKEN CO | tkr10k123117.htm |
| EX-32 - EXHIBIT 32 - TIMKEN CO | tkr123117exhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - TIMKEN CO | tkr123117exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - TIMKEN CO | tkr123117exhibit311.htm |
| EX-24 - EXHIBIT 24 - TIMKEN CO | tkr123117exhibit24.htm |
| EX-23 - EXHIBIT 23 - TIMKEN CO | tkr123117exhibit23.htm |
| EX-21 - EXHIBIT 21 - TIMKEN CO | tkr123117exhibit21.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)
Twelve Months Ended, December 31, | |||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||
(Revised) | (Revised) | (Revised) | (Revised) | ||||||||||||
Income from continuing operations before income taxes | $ | 259.9 | $ | 201.6 | $ | 217.7 | $ | 121.4 | $ | 692.1 | |||||
Share of undistributed (income) loss from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt | (0.8 | ) | (0.9 | ) | (0.8 | ) | (0.6 | ) | (0.4 | ) | |||||
Amortization of capitalized interest | 0.4 | 0.6 | 0.6 | 0.9 | (1.3 | ) | |||||||||
Interest expense | 37.1 | 33.5 | 33.4 | 28.7 | 24.4 | ||||||||||
Interest portion of rental expense | 4.4 | 4.8 | 4.8 | 5.2 | 8.0 | ||||||||||
Earnings | $ | 301.0 | $ | 239.6 | $ | 255.7 | $ | 155.6 | $ | 722.8 | |||||
Interest | 37.8 | 34.6 | 33.4 | 30.4 | 37.1 | ||||||||||
Interest portion of rental expense | 4.4 | 4.8 | 4.8 | 5.2 | 8.0 | ||||||||||
Fixed Charges | $ | 42.2 | $ | 39.4 | $ | 38.2 | $ | 35.6 | $ | 45.1 | |||||
Ratio of Earnings to Fixed Charges | 7.13 | 6.13 | 6.91 | 4.37 | 16.03 | ||||||||||