Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q 06.30.2017 - TEREX CORP | tex630201710-q.htm |
| EX-32 - EXHIBIT 32 CEO AND CFO CERTFICATION - TEREX CORP | tex6302017-ex32.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - TEREX CORP | tex6302017-ex312.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - TEREX CORP | tex6302017-ex311.htm |
| EX-10.15 - EXHIBIT 10.15 CHANGE IN CONTROL AND SEVERANCE AGREEMENT - TEREX CORP | tex6302017-ex1015.htm |
| EX-10.14 - EXHIBIT 10.14 CHANGE IN CONTROL AND SEVERANCE AGREEMENT - TEREX CORP | tex6302017-ex1014.htm |
Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2017 | 2016 | 2017 | 2016 | |||||||||||||
Earnings: | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 118.5 | $ | 42.5 | $ | 29.9 | $ | 24.4 | ||||||||
Adjustments: | ||||||||||||||||
Undistributed (income) loss of less than 50% owned investments | (0.4 | ) | — | 0.7 | 0.4 | |||||||||||
Fixed charges | 24.7 | 29.6 | 94.9 | 58.1 | ||||||||||||
Earnings (loss) | $ | 142.8 | $ | 72.1 | $ | 125.5 | $ | 82.9 | ||||||||
Fixed charges: | ||||||||||||||||
Interest expense, including debt discount amortization | 14.0 | 24.2 | $ | 34.2 | $ | 47.5 | ||||||||||
Amortization/writeoff of debt issuance costs | 7.6 | 1.7 | 54.2 | 3.1 | ||||||||||||
Portion of rental expense representative of interest factor (assumed to be 33%) | 3.1 | 3.7 | 6.5 | 7.5 | ||||||||||||
Fixed charges | $ | 24.7 | $ | 29.6 | $ | 94.9 | $ | 58.1 | ||||||||
Ratio of earnings to fixed charges | 5.8 | 2.4 | 1.3 | 1.4 | ||||||||||||
Amount of earnings deficiency for coverage of fixed charges | $ | — | $ | — | $ | — | $ | — | ||||||||