Attached files
| file | filename |
|---|---|
| 10-K - 10-K - CDK Global, Inc. | cdkq4fy1810-k.htm |
| EX-32.2 - EXHIBIT 32.2 - CDK Global, Inc. | q4fy18exhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - CDK Global, Inc. | q4fy18exhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - CDK Global, Inc. | q4fy18exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - CDK Global, Inc. | q4fy18exhibit311.htm |
| EX-23.1 - EXHIBIT 23.1 - CDK Global, Inc. | q4fy18exhibit231.htm |
| EX-21.1 - EXHIBIT 21.1 - CDK Global, Inc. | q4fy18exhibit211.htm |
Exhibit 12.1
CDK Global, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in millions)
Years Ended June 30, | |||||||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | |||||||||||||||
Earnings before income taxes | $ | 512.0 | $ | 435.3 | $ | 369.1 | $ | 299.9 | $ | 353.3 | |||||||||
Less: (income) loss from equity investees | (6.9 | ) | (5.9 | ) | (4.7 | ) | (3.1 | ) | (0.6 | ) | |||||||||
Add: fixed charges | 108.9 | 72.4 | 56.5 | 43.7 | 12.3 | ||||||||||||||
Earnings before income taxes and fixed charges | $ | 614.0 | $ | 501.8 | $ | 420.9 | $ | 340.5 | $ | 365.0 | |||||||||
Interest expense | $ | 95.9 | $ | 57.2 | $ | 40.2 | $ | 28.8 | $ | 1.0 | |||||||||
Interest component of rental expense(1) | 13.0 | 15.2 | 16.3 | 14.9 | 11.3 | ||||||||||||||
Fixed charges | $ | 108.9 | $ | 72.4 | $ | 56.5 | $ | 43.7 | $ | 12.3 | |||||||||
Ratio of earnings to fixed charges | 5.64 | 6.93 | 7.45 | 7.79 | 29.67 | ||||||||||||||
(1) The interest component of rental expense is estimated to be one-third of rental expense.