Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 CEO AND CFO CERTIFICATION - TEREX CORP | tex6302018-ex32.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - TEREX CORP | tex6302018-ex312.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - TEREX CORP | tex6302018-ex311.htm |
| 10-Q - 10-Q 06.30.2018 - TEREX CORP | tex630201810-q.htm |
Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2018 | 2017 | 2018 | 2017 | ||||||||||||
Earnings: | |||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 84.8 | $ | 118.5 | $ | 143.8 | $ | 29.9 | |||||||
Adjustments: | |||||||||||||||
Undistributed (income) loss of less than 50% owned investments | (0.1 | ) | (0.4 | ) | 0.4 | 0.7 | |||||||||
Fixed charges | 21.6 | 24.7 | 41.6 | 94.9 | |||||||||||
Earnings (loss) | $ | 106.3 | $ | 142.8 | $ | 185.8 | $ | 125.5 | |||||||
Fixed charges: | |||||||||||||||
Interest expense, including debt discount amortization | 17.2 | 14.0 | $ | 32.2 | $ | 34.2 | |||||||||
Amortization of debt issue cost | 1.0 | 1.1 | 2.0 | 2.3 | |||||||||||
Loss on early extinguishment of debt | — | 6.5 | 0.7 | 51.9 | |||||||||||
Portion of rental expense representative of interest factor (assumed to be 33%) | 3.4 | 3.1 | 6.7 | 6.5 | |||||||||||
Fixed charges | $ | 21.6 | $ | 24.7 | $ | 41.6 | $ | 94.9 | |||||||
Ratio of earnings to fixed charges | 4.9 | 5.8 | 4.5 | 1.3 | |||||||||||
Amount of earnings deficiency for coverage of fixed charges | $ | — | $ | — | $ | — | $ | — | |||||||
Calculation excluding loss on early extinguishment of debt: | |||||||||||||||
Ratio of earnings to fixed charges | 4.9 | 7.5 | 4.5 | 1.7 | |||||||||||
Amount of earnings deficiency for coverage of fixed charges | $ | — | $ | — | $ | — | $ | — | |||||||