Attached files
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EX-32.2 - EXHIBIT 32.2 SECTION 906 CERTIFICATION OF MATTHEW C. FLANIGAN - LEGGETT & PLATT INC | legex322q12018.htm |
EX-32.1 - EXHIBIT 32.1 SECTION 906 CERTIFICATION OF KARL G. GLASSMAN - LEGGETT & PLATT INC | legex321q12018.htm |
EX-31.2 - EXHIBIT 31.2 SECTION 302 CERTIFICATION OF MATTHEW C. FLANIGAN - LEGGETT & PLATT INC | legex312q12018.htm |
EX-31.1 - EXHIBIT 31.1 SECTION 302 CERTIFICATION OF KARL G. GLASSMAN - LEGGETT & PLATT INC | legex311q12018.htm |
10-Q - FORM 10-Q - LEGGETT & PLATT INC | legq1201810q.htm |
Exhibit 12 | |||||||||||||||||||||||||||
Leggett & Platt, Incorporated and Subsidiaries | |||||||||||||||||||||||||||
Computation of Ratio of Earnings to Fixed Charges | |||||||||||||||||||||||||||
(Amounts in millions of dollars) | |||||||||||||||||||||||||||
Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||
2018 | 2017 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||||
Earnings: | |||||||||||||||||||||||||||
Pretax income from continuing operations including equity-method investment earnings (a) | $ | 95.4 | $107.3 | $ | 432.0 | $ | 487.1 | $ | 449.8 | $ | 295.5 | $ | 237.6 | ||||||||||||||
Add: | |||||||||||||||||||||||||||
Interest expense and amortization of interest rate swaps and debt discount and premium on all indebtedness (including amount capitalized) | 14.6 | 10.7 | 43.6 | 39.4 | 41.8 | 42.3 | 45.2 | ||||||||||||||||||||
Portion of rental expense under operating leases representative of an interest factor (b) | 4.7 | 4.7 | 17.1 | 17.1 | 17.3 | 17.0 | 16.5 | ||||||||||||||||||||
Amortization of capitalized interest | .3 | .1 | 1.0 | .8 | 1.0 | 1.0 | .9 | ||||||||||||||||||||
Less: | |||||||||||||||||||||||||||
Equity-method investment (earnings) loss | — | (.1 | ) | (.4 | ) | (.5 | ) | (.4 | ) | (.3 | ) | (.5 | ) | ||||||||||||||
Interest capitalized | (.2 | ) | (.1 | ) | (.1 | ) | (.6 | ) | (.7 | ) | (.5 | ) | (.5 | ) | |||||||||||||
Total Earnings (c) | $ | 114.8 | $ | 122.6 | $ | 493.2 | $ | 543.3 | $ | 508.8 | $ | 355.0 | $ | 299.2 | |||||||||||||
Fixed Charges: | |||||||||||||||||||||||||||
Interest expense and amortization of interest rate swaps and debt discount and premium on all indebtedness | $ | 14.4 | 10.6 | $ | 43.5 | $ | 38.8 | $ | 41.1 | $ | 41.8 | $ | 44.7 | ||||||||||||||
Interest capitalized | .2 | .1 | .1 | .6 | .7 | .5 | .5 | ||||||||||||||||||||
Portion of rental expense under operating leases representative of an interest factor (b) | 4.7 | 4.7 | 17.1 | 17.1 | 17.3 | 17.0 | 16.5 | ||||||||||||||||||||
Total Fixed Charges | $ | 19.3 | $ | 15.4 | $ | 60.7 | $ | 56.5 | $ | 59.1 | $ | 59.3 | $ | 61.7 | |||||||||||||
Ratio of Earnings to Fixed Charges | 5.9 | 8.0 | 8.1 | 9.6 | 8.6 | 6.0 | 4.8 |
(a) | 2013 amounts have been retrospectively adjusted to reflect the reclassification of certain operations to discontinued operations. |
(b) | Estimated portion of rent expense representing interest. |
(c) | Earnings consist principally of income from continuing operations before income taxes, plus fixed charges less capitalized interest. Fixed charges consist principally of interest costs. |