Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q 03.31.2017 - TEREX CORP | tex331201710-q.htm |
| EX-10.10 - EXHIBIT 10.10 FORM OF RSA PERF - TEREX CORP | tex3312017-ex1010.htm |
| EX-10.13 - EXHIBIT 10.13 SUPPLEMENTAL 1 TO GCA - TEREX CORP | tex3312017-ex1013.htm |
| EX-32 - EXHIBIT 32 CEO AND CFO CERTFICATION - TEREX CORP | tex3312017-ex32.htm |
| EX-10.9 - EXHIBIT 10.9 FORM OF RSA TIME BASED - TEREX CORP | tex3312017-ex109.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - TEREX CORP | tex3312017-ex312.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - TEREX CORP | tex3312017-ex311.htm |
Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
Three Months Ended March 31, | ||||||||
2017 | 2016 | |||||||
Earnings: | ||||||||
Income (loss) from continuing operations before income taxes | $ | (88.6 | ) | $ | (18.1 | ) | ||
Adjustments: | ||||||||
Undistributed (income) loss of less than 50% owned investments | 1.1 | 0.4 | ||||||
Fixed charges | 70.2 | 28.5 | ||||||
Earnings (loss) | $ | (17.3 | ) | $ | 10.8 | |||
Fixed charges: | ||||||||
Interest expense, including debt discount amortization | $ | 20.2 | $ | 23.3 | ||||
Amortization/writeoff of debt issuance costs | 46.6 | 1.4 | ||||||
Portion of rental expense representative of interest factor (assumed to be 33%) | 3.4 | 3.8 | ||||||
Fixed charges | $ | 70.2 | $ | 28.5 | ||||
Ratio of earnings to fixed charges | — | (1) | — | (1) | ||||
Amount of earnings deficiency for coverage of fixed charges | $ | 87.5 | $ | 17.7 | ||||
(1) Less than 1.0x | ||||||||