Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - TEREX CORP | Financial_Report.xls |
| EX-32 - CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER CERTIFICATION - TEREX CORP | tex93014-ex32.htm |
| EX-31.2 - CHIEF FINANCIAL OFFICER CERTIFICATION - TEREX CORP | tex93014-ex312.htm |
| 10-Q - 10-Q - TEREX CORP | tex930201410-q.htm |
| EX-31.1 - CHIEF EXECUTIVE OFFICER CERTIFICATION - TEREX CORP | tex93014-ex311.htm |
Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
Earnings: | ||||||||||||||||||
Income (loss) before income taxes | $ | 86.4 | $ | 106.6 | $ | 257.8 | $ | 185.3 | ||||||||||
Adjustments: | ||||||||||||||||||
Undistributed (income) loss of less than 50% owned investments | (1.1 | ) | (1.6 | ) | (0.9 | ) | (3.4 | ) | ||||||||||
Fixed charges | 39.7 | 38.7 | 119.2 | 126.2 | ||||||||||||||
Earnings | $ | 125.0 | $ | 143.7 | $ | 376.1 | $ | 308.1 | ||||||||||
Fixed charges: | ||||||||||||||||||
Interest expense, including debt discount amortization | $ | 28.8 | $ | 31.8 | $ | 90.9 | $ | 96.6 | ||||||||||
Amortization/writeoff of debt issuance costs | 4.4 | 2.0 | 8.6 | 11.5 | ||||||||||||||
Portion of rental expense representative of interest factor (assumed to be 33%) | 6.5 | 4.9 | 19.7 | 18.1 | ||||||||||||||
Fixed charges | $ | 39.7 | $ | 38.7 | $ | 119.2 | $ | 126.2 | ||||||||||
Ratio of earnings to fixed charges | 3.1 | x | 3.7 | x | 3.2 | x | 2.4 | x | ||||||||||
Amount of earnings deficiency for coverage of fixed charges | $ | — | $ | — | $ | — | $ | — | ||||||||||