Attached files
| file | filename |
|---|---|
| 10-K - 10-K - BUNGELTD | bg-12312017x10k.htm |
| EX-32.2 - EXHIBIT 32.2 - BUNGELTD | ex-322x123117.htm |
| EX-32.1 - EXHIBIT 32.1 - BUNGELTD | ex-321x123117.htm |
| EX-31.2 - EXHIBIT 31.2 - BUNGELTD | ex-312x123117.htm |
| EX-31.1 - EXHIBIT 31.1 - BUNGELTD | ex-311x123117.htm |
| EX-23.1 - EXHIBIT 23.1 - BUNGELTD | consentofindependentregist.htm |
| EX-21.1 - EXHIBIT 21.1 - BUNGELTD | listofbungesubsidiaries-ex.htm |
| EX-10.41 - EXHIBIT 10.41 - BUNGELTD | a2017non-employeedirectors.htm |
| EX-10.16 - EXHIBIT 10.16 - BUNGELTD | twelfthamendmenttortaoctob.htm |
| EX-10.15 - EXHIBIT 10.15 - BUNGELTD | eleventhamendmenttotherta2.htm |
Exhibit 12.1
Statement Regarding
Computation of Ratios of Earnings to
Fixed Charges and Preferred Stock Dividends
December 31, | |||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||
Earnings: (1) | |||||||||||||||
Pre-tax income from continuing operations before noncontrolling interests and equity method earnings and losses | $ | 214 | $ | 976 | $ | 1,077 | $ | 714 | $ | 1,129 | |||||
plus: Fixed charges | 383 | 346 | 376 | 479 | 503 | ||||||||||
Amortization of capitalized interest | 24 | 23 | 22 | 22 | 21 | ||||||||||
Distributed income of equity investees | 16 | 24 | 8 | 3 | 2 | ||||||||||
less: Capitalized interest | (6 | ) | (9 | ) | (7 | ) | (6 | ) | (4 | ) | |||||
Preferred stock dividend and other obligations | (34 | ) | (36 | ) | (53 | ) | (48 | ) | (76 | ) | |||||
Earnings: | $ | 597 | $ | 1,324 | $ | 1,423 | $ | 1,164 | $ | 1,575 | |||||
Fixed charges: (1) | |||||||||||||||
Capitalized interest | $ | 6 | $ | 9 | $ | 7 | $ | 6 | $ | 4 | |||||
Expensed interest | 263 | 234 | 258 | 347 | 363 | ||||||||||
Estimate of interest within rental expense | 80 | 67 | 58 | 78 | 60 | ||||||||||
Preferred stock dividend and other obligations | 34 | 36 | 53 | 48 | 76 | ||||||||||
Fixed charges: | $ | 383 | $ | 346 | $ | 376 | $ | 479 | $ | 503 | |||||
Ratio of Earnings/Fixed charges | 1.6 | 3.8 | 3.8 | 2.4 | 3.1 | ||||||||||
(1) For the purpose of determining the Ratio of Earnings to Fixed Charges and Preferred Stock Dividends, earnings are defined as pretax income from continuing operations before noncontrolling interests and equity method earnings and losses plus fixed charges, amortization of capitalized interest, and distributed income of equity investees, less capitalized interest and preferred stock dividend and other obligations. Fixed charges consist of interest expense (capitalized and expensed), portion of rental expense that is representative of the interest factor and preferred stock dividend and other obligations of the registrant and consolidated subsidiaries.