RYDER SYSTEM INC - FORM 10-Q - EX-12 - EXHIBIT 12 - October 26, 2018

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EX-32 - EXHIBIT 32 - RYDER SYSTEM INCryderex32-q32018.htm
EX-31.2 - EXHIBIT 31.2 - RYDER SYSTEM INCryderex312-q32018.htm
EX-31.1 - EXHIBIT 31.1 - RYDER SYSTEM INCryderex311-q32018.htm
EX-10.3 - EXHIBIT 10.3 - RYDER SYSTEM INCryderex103-q32018.htm
10-Q - 10-Q - RYDER SYSTEM INCryder3rdquarter201810-q.htm


EXHIBIT 12
Ryder System, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
Continuing Operations
(Dollars in thousands)
 
 
For the nine months ended September 30, 2018
 
 
 
 
EARNINGS:
 
 
Earnings before income taxes
 
$
262,523

Fixed charges
 
161,657

Add: Amortization of capitalized interest
 
596

Less: Interest capitalized
 
—

Earnings available for fixed charges (A)
 
$
424,776

 
 
 
FIXED CHARGES:
 
 
Interest and other financial charges
 
$
127,529

Portion of rents representing interest expense
 
34,128

Total fixed charges (B)
 
$
161,657

 
 
 
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B)
 
2.63

 
 
 




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