Attached files
| file | filename |
|---|---|
| 10-Q - FY16 Q3 10-Q (PRINT READY) - CARDINAL HEALTH INC | cah3311610q.pdf |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - CARDINAL HEALTH INC | a16q3_10qx33116xexhibit312.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - CARDINAL HEALTH INC | a16q3_10qx33116xexhibit311.htm |
| EX-99.1 - STATEMENT REGARDING FORWARD-LOOKING INFORMATION - CARDINAL HEALTH INC | a16q3_10qx33116xexhibit991.htm |
| 10-Q - 10-Q - CARDINAL HEALTH INC | a16q3_10qx33116xform10-q.htm |
| EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - CARDINAL HEALTH INC | a16q3_10qx33116xexhibit321.htm |
Exhibit 12.1 | ||
Cardinal Health, Inc. and Subsidiaries | ||
Computation of Ratio of Earnings to Fixed Charges
Fiscal Year Ended June 30 | Nine Months Ended March 31, 2016 | ||||||||||||||||||||||
(in millions, except ratios) | 2011 | 2012 | 2013 | 2014 | 2015 | ||||||||||||||||||
Earnings before income taxes | $ | 1,518.3 | $ | 1,698.1 | $ | 888.3 | $ | 1,798.3 | $ | 1,967.3 | $ | 1,699.8 | |||||||||||
Plus fixed charges: | |||||||||||||||||||||||
Interest expense | 95.2 | 92.3 | 119.2 | 129.4 | 137.0 | 133.8 | |||||||||||||||||
Capitalized interest | 5.7 | 6.0 | 1.7 | 1.2 | 1.8 | 3.6 | |||||||||||||||||
Amortization of debt offering costs | 1.8 | 2.8 | 3.5 | 3.6 | 7.6 | 4.2 | |||||||||||||||||
Interest portion of rent expense | 7.1 | 7.8 | 8.3 | 9.8 | 9.6 | 8.4 | |||||||||||||||||
Fixed charges | 109.8 | 108.9 | 132.7 | 144.0 | 156.0 | 150.0 | |||||||||||||||||
Plus: amortization of capitalized interest | 5.3 | 3.2 | 3.4 | 2.9 | 2.4 | 1.9 | |||||||||||||||||
Less: capitalized interest | (5.7 | ) | (6.0 | ) | (1.7 | ) | (1.2 | ) | (1.8 | ) | (3.6 | ) | |||||||||||
Earnings | $ | 1,627.7 | $ | 1,804.2 | $ | 1,022.7 | $ | 1,944.0 | $ | 2,123.9 | $ | 1,848.1 | |||||||||||
Ratio of earnings to fixed charges (1) | 14.8 | 16.6 | 7.7 | 13.5 | 13.6 | 12.3 | |||||||||||||||||
(1) | The ratio of earnings to fixed charges is computed by dividing fixed charges into earnings before income taxes plus fixed charges and capitalized interest. Fixed charges include interest expense, amortization of debt offering costs and the portion of rent expense that is deemed to be representative of the interest factor. Interest expense recorded on tax exposures has been recorded in income tax expense and has therefore been excluded from the calculation. |