Attached files
| file | filename |
|---|---|
| 10-K - 10-K - TIMKEN CO | tkr10k123116.htm |
| EX-32 - EXHIBIT 32 - TIMKEN CO | tkr123116exhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - TIMKEN CO | tkr123116exhibit312.htm |
| EX-21 - EXHIBIT 21 - TIMKEN CO | tkr123116exhibit21.htm |
| EX-24 - EXHIBIT 24 - TIMKEN CO | tkr123116exhibit24.htm |
| EX-23 - EXHIBIT 23 - TIMKEN CO | tkr123116exhibit23.htm |
| EX-31.1 - EXHIBIT 31.1 - TIMKEN CO | tkr123116exhibit311.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)
Twelve Months Ended December 31, | ||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||
Income (loss) from continuing operations before tax | $ | 222.1 | $ | (189.6 | ) | $ | 204.0 | $ | 290.1 | $ | 517.8 | |||||
Share of undistributed (losses) income from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt | $ | (0.9 | ) | $ | (0.8 | ) | $ | (0.6 | ) | $ | (0.4 | ) | $ | 0.5 | ||
Amortization of capitalized interest | 0.6 | 0.6 | 0.9 | (1.3 | ) | (1.3 | ) | |||||||||
Interest expense | 33.5 | 33.4 | 28.7 | 24.4 | 31.1 | |||||||||||
Interest portion of rental expense | 4.4 | 4.8 | 5.2 | 8.0 | 8.0 | |||||||||||
Earnings (loss) | $ | 259.7 | $ | (151.6 | ) | $ | 238.2 | $ | 320.8 | $ | 556.1 | |||||
Interest | $ | 34.6 | $ | 33.4 | $ | 30.4 | $ | 37.1 | $ | 36.0 | ||||||
Interest portion of rental expense | 4.4 | 4.8 | 5.2 | 8.0 | 8.0 | |||||||||||
Fixed Charges | $ | 39.0 | $ | 38.2 | $ | 35.6 | $ | 45.1 | $ | 44.0 | ||||||
Ratio of Earnings to Fixed Charges | 6.66 | (3.97 | ) | 6.69 | 7.11 | 12.64 | ||||||||||