Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - MASTEC INC | mtz12311710-kex322.htm |
| EX-32.1 - EXHIBIT 32.1 - MASTEC INC | mtz12311710-kex321.htm |
| EX-31.2 - EXHIBIT 31.2 - MASTEC INC | mtz12311710-kex312.htm |
| EX-31.1 - EXHIBIT 31.1 - MASTEC INC | mtz12311710-kex311.htm |
| EX-23.1 - EXHIBIT 23.1 - MASTEC INC | mtz12311710-kex231.htm |
| EX-21 - EXHIBIT 21 - MASTEC INC | mtz12311710-kex21.htm |
| EX-10.2 - EXHIBIT 10.2 - MASTEC INC | mtz12311710-kex102.htm |
| EX-10.1 - EXHIBIT 10.1 - MASTEC INC | mtz12311710-kex101.htm |
| 10-K - 10-K - MASTEC INC | mtz12311710-k.htm |
Exhibit 12.1
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
Ratio of Earnings to Fixed Charges (dollar amounts in thousands):
For the Years Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 371,826 | $ | 225,819 | $ | (67,746 | ) | $ | 198,430 | $ | 240,214 | ||||||||
Add: Fixed charges | 249,577 | 184,360 | 141,403 | 138,618 | 131,281 | ||||||||||||||
Less: Undistributed earnings (losses) from equity method investees | 21,328 | 3,528 | (7,978 | ) | (269 | ) | — | ||||||||||||
Total earnings | $ | 600,075 | $ | 406,651 | $ | 81,635 | $ | 337,317 | $ | 371,495 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 61,197 | $ | 51,520 | $ | 48,729 | $ | 50,898 | $ | 46,804 | |||||||||
Estimate of interest expense within rental expense | 188,380 | 132,840 | 92,674 | 87,720 | 84,477 | ||||||||||||||
Total fixed charges | $ | 249,577 | $ | 184,360 | $ | 141,403 | $ | 138,618 | $ | 131,281 | |||||||||
Ratio of earnings to fixed charges | 2.4 | 2.2 | 0.6 | 2.4 | 2.8 | ||||||||||||||