Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - PACCAR FINANCIAL CORP | Financial_Report.xls |
| 10-K - FORM 10-K - PACCAR FINANCIAL CORP | d275614d10k.htm |
| EX-31.(A) - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - PACCAR FINANCIAL CORP | d275614dex31a.htm |
| EX-31.(B) - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - PACCAR FINANCIAL CORP | d275614dex31b.htm |
| EX-12.(A) - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - PACCAR FINANCIAL CORP | d275614dex12a.htm |
| EX-32.(A) - CERTIFICATION PURSUANT TO SECTION 906 - PACCAR FINANCIAL CORP | d275614dex32a.htm |
| EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. - PACCAR FINANCIAL CORP | d275614dex23.htm |
Exhibit 12(b)
PACCAR Financial Corp.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO THE SUPPORT AGREEMENT
BETWEEN THE COMPANY AND PACCAR
(Millions of Dollars)
| Year ended December 31 | ||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
| FIXED CHARGES |
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| Interest expense |
$ | 64.0 | $ | 90.5 | $ | 126.2 | $ | 160.1 | $ | 199.0 | ||||||||||
| Facility and equipment rental |
1.9 | 2.1 | 2.1 | 2.3 | 2.1 | |||||||||||||||
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| TOTAL FIXED CHARGES |
$ | 65.9 | $ | 92.6 | $ | 128.3 | $ | 162.4 | $ | 201.1 | ||||||||||
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| EARNINGS |
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| Income before income taxes |
$ | 112.4 | $ | 63.2 | $ | 44.8 | $ | 71.6 | $ | 133.4 | ||||||||||
| Depreciation |
148.1 | 132.4 | 122.3 | 107.8 | 90.3 | |||||||||||||||
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| 260.5 | 195.6 | 167.1 | 179.4 | 223.7 | ||||||||||||||||
| FIXED CHARGES |
65.9 | 92.6 | 128.3 | 162.4 | 201.1 | |||||||||||||||
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| EARNINGS AS DEFINED |
$ | 326.4 | $ | 288.2 | $ | 295.4 | $ | 341.8 | $ | 424.8 | ||||||||||
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| RATIO OF EARNINGS TO FIXED CHARGES |
4.95x | 3.11x | 2.30x | 2.10x | 2.11x | |||||||||||||||
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