Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 CERTIFICATION OF OUR CFO PURSUANT TO SECTION 906 - Keurig Dr Pepper Inc. | dps-ex322_20180331.htm |
| EX-32.1 - EXHIBIT 32.1 CERTIFICATION OF OUR CEO PURSUANT TO SECTION 906 - Keurig Dr Pepper Inc. | dps-ex321_20180331.htm |
| EX-31.2 - EXHIBIT 31.2 CERTIFICATION OF OUR CFO PURSUANT TO SECTION 302 - Keurig Dr Pepper Inc. | dps-ex312_20180331.htm |
| EX-31.1 - EXHIBIT 31.1 CERTIFICATION OF OUR CEO PURSUANT TO SECTION 302 - Keurig Dr Pepper Inc. | dps-ex311_20180331.htm |
| 10-Q - FORM 10-Q - Keurig Dr Pepper Inc. | dps-10qx033118.htm |
Exhibit 12.1
DR PEPPER SNAPPLE GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
For the Three Months Ended March 31, | For the Years Ended December 31, | ||||||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | |||||||||||||||
Calculation of fixed charges ratio: | |||||||||||||||||||
Income before provision for income taxes, equity in (loss) earnings of unconsolidated subsidiaries and cumulative effect of change in accounting policy | $ | 219 | $ | 1,173 | $ | 1,283 | $ | 1,184 | $ | 1,073 | |||||||||
Add/(deduct): | |||||||||||||||||||
Fixed charges | 45 | 181 | 164 | 132 | 125 | ||||||||||||||
Amortization of capitalized interest | — | 3 | 3 | 3 | 4 | ||||||||||||||
Capitalized interest | — | (1 | ) | (3 | ) | (1 | ) | (2 | ) | ||||||||||
Total earnings available for fixed charges | $ | 264 | $ | 1,356 | $ | 1,447 | $ | 1,318 | $ | 1,200 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 41 | $ | 164 | $ | 147 | $ | 117 | $ | 109 | |||||||||
Capitalized interest | — | 1 | 3 | 1 | 2 | ||||||||||||||
Interest component of rental expense(1) | 4 | 16 | 14 | 14 | 14 | ||||||||||||||
Total fixed charges | $ | 45 | $ | 181 | $ | 164 | $ | 132 | $ | 125 | |||||||||
Ratio of earnings to fixed charges | 5.8x | 7.5x | 8.8x | 10.0x | 9.6x | ||||||||||||||
_________________________________
(1) | Represents a reasonable estimate of the interest component of rental expense incurred by us. |