Attached files
| file | filename |
|---|---|
| EX-23 - EXHIBIT 23 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-12312016x10kxex23.htm |
| EX-31.1 - EXHIBIT 31.1 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-12312016x10kxex311.htm |
| EX-31.2 - EXHIBIT 31.2 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-12312016x10kxex312.htm |
| EX-32 - EXHIBIT 32 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-12312016x10kxex32.htm |
| 10-K - PDF COPY OF FORM 10-K AND EXHIBITS - CATERPILLAR FINANCIAL SERVICES CORP | cfsc1231201610k.pdf |
| 10-K - CFSC FORM 10-K DECEMBER 31, 2016 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-12312016x10k.htm |
EXHIBIT 12
Caterpillar Financial Services Corporation
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
YEARS ENDED DECEMBER 31,
(Unaudited)
(Dollars in Millions)
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Profit of consolidated companies | $ | 390 | 461 | 544 | $ | 527 | $ | 439 | |||||||||||
Add: | |||||||||||||||||||
Provision for income taxes | 171 | 158 | 209 | 167 | 145 | ||||||||||||||
Profit before income taxes | $ | 561 | $ | 619 | $ | 753 | $ | 694 | $ | 584 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 611 | $ | 593 | $ | 631 | $ | 734 | $ | 801 | |||||||||
Rentals at computed interest* | 6 | 5 | 6 | 6 | 6 | ||||||||||||||
Total fixed charges | $ | 617 | $ | 598 | $ | 637 | $ | 740 | $ | 807 | |||||||||
Profit before income taxes plus fixed charges | $ | 1,178 | $ | 1,217 | $ | 1,390 | $ | 1,434 | $ | 1,391 | |||||||||
Ratio of profit before income taxes plus fixed charges to fixed charges | 1.91 | 2.04 | 2.18 | 1.94 | 1.72 | ||||||||||||||
*Those portions of rent expense that are representative of interest cost.