Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - UNIVERSAL CORP /VA/ | uvv-exhibit311x20141231.htm |
| EX-32.2 - EXHIBIT 32.2 - UNIVERSAL CORP /VA/ | uvv-exhibit322x20141231.htm |
| EX-32.1 - EXHIBIT 32.1 - UNIVERSAL CORP /VA/ | uvv-exhibit321x20141231.htm |
| EXCEL - IDEA: XBRL DOCUMENT - UNIVERSAL CORP /VA/ | Financial_Report.xls |
| 10-Q - 10-Q - UNIVERSAL CORP /VA/ | uvv-10qx20141231.htm |
| EX-31.2 - EXHIBIT 31.2 - UNIVERSAL CORP /VA/ | uvv-exhibit312x20141231.htm |
Exhibit 12
UNIVERSAL CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS
Three Months Ended December 31, | Nine Months Ended December 31, | |||||||||||||||
(in thousands, except for ratios) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Earnings | ||||||||||||||||
Pretax income before equity in pretax earnings (loss) of unconsolidated affiliates | $ | 88,401 | $ | 64,626 | $ | 93,414 | $ | 189,581 | ||||||||
Fixed charges (net of interest capitalized) | 5,793 | 5,806 | 16,142 | 18,755 | ||||||||||||
Distribution of earnings from unconsolidated affiliates | 5,228 | 6,508 | 5,228 | 6,508 | ||||||||||||
Total Earnings | $ | 99,422 | $ | 76,940 | $ | 114,784 | $ | 214,844 | ||||||||
Fixed Charges and Preference Dividends | ||||||||||||||||
Interest expense | $ | 4,637 | $ | 5,157 | $ | 13,509 | $ | 16,623 | ||||||||
Interest capitalized | — | — | — | — | ||||||||||||
Amortization of premiums, discounts, and debt issuance costs | 735 | 311 | 1,387 | 976 | ||||||||||||
Interest component of rent expense | 421 | 338 | 1,246 | 1,156 | ||||||||||||
Total Fixed Charges | 5,793 | 5,806 | 16,142 | 18,755 | ||||||||||||
Dividends on convertible perpetual preferred stock (pretax) | 5,711 | 5,711 | 17,134 | 17,134 | ||||||||||||
Total Fixed Charges and Preference Dividends | $ | 11,504 | $ | 11,517 | $ | 33,276 | $ | 35,889 | ||||||||
Ratio of Earnings to Fixed Charges | 17.16 | 13.25 | 7.11 | 11.46 | ||||||||||||
Ratio of Earnings to Combined Fixed Charges and Preference Dividends | 8.64 | 6.68 | 3.45 | 5.99 | ||||||||||||