Attached files
file | filename |
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EX-31.(I).1 - EXHIBIT 31(I).1 - W R GRACE & CO | a4q17exhibit31i1.htm |
10-K - 10-K - W R GRACE & CO | a201710-k.htm |
EX-95 - EXHIBIT 95 - W R GRACE & CO | a4q17exhibit95.htm |
EX-32 - EXHIBIT 32 - W R GRACE & CO | a4q17exhibit32.htm |
EX-31.(I).2 - EXHIBIT 31(I).2 - W R GRACE & CO | a4q17exhibit31i2.htm |
EX-24 - EXHIBIT 24 - W R GRACE & CO | a4q17exhibit24.htm |
EX-23 - EXHIBIT 23 - W R GRACE & CO | a4q17exhibit23.htm |
EX-21 - EXHIBIT 21 - W R GRACE & CO | a4q17exhibit21.htm |
EX-2.4 - EXHIBIT 2.4 - W R GRACE & CO | a4q17exhibit2_4.htm |
EXHIBIT 12
W. R. GRACE & CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS(1)(2)
(In millions, except ratios)
(Unaudited)
Year Ended December 31, | ||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Net income attributable to W. R. Grace & Co. shareholders | $ | 11.2 | $ | 94.1 | $ | 144.2 | $ | 276.3 | $ | 256.1 | ||||||||||
Provision for (benefit from) income taxes | (200.5 | ) | 59.0 | 69.8 | (12.4 | ) | 29.2 | |||||||||||||
Equity in earnings of unconsolidated affiliate | (25.9 | ) | (29.8 | ) | (20.4 | ) | (19.7 | ) | (22.9 | ) | ||||||||||
Distributed income of earnings of unconsolidated affiliates | 19.0 | 31.0 | 11.8 | 11.2 | 2.8 | |||||||||||||||
Interest expense and related financing costs, including amortization of capitalized interest, less interest capitalized | 79.6 | 92.1 | 99.8 | 123.5 | 40.7 | |||||||||||||||
Estimated amount of rental expense deemed to represent the interest factor | 7.5 | 8.0 | 7.9 | 8.2 | 7.6 | |||||||||||||||
Income as adjusted | $ | 291.9 | $ | 254.4 | $ | 313.1 | $ | 387.1 | $ | 313.5 | ||||||||||
Combined fixed charges and preferred stock dividends: | ||||||||||||||||||||
Interest expense and related financing costs, including capitalized interest | $ | 81.0 | $ | 93.2 | $ | 100.5 | $ | 124.8 | $ | 41.8 | ||||||||||
Estimated amount of rental expense deemed to represent the interest factor | 7.5 | 8.0 | 7.9 | 8.2 | 7.6 | |||||||||||||||
Fixed charges | 88.5 | 101.2 | 108.4 | 133.0 | 49.4 | |||||||||||||||
Combined fixed charges and preferred stock dividends | $ | 88.5 | $ | 101.2 | $ | 108.4 | $ | 133.0 | $ | 49.4 | ||||||||||
Ratio of earnings to fixed charges | 3.30 | 2.51 | 2.89 | 2.91 | 6.35 | |||||||||||||||
Ratio of earnings to fixed charges and preferred stock dividends | 3.30 | 2.51 | 2.89 | 2.91 | 6.35 |
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(1) | Grace did not have preferred stock from 2013 through 2017. |
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