Attached files
file | filename |
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10-Q - CFSC 2015 3RD QUARTER 10-Q - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-09302015x10q.htm |
EX-31.1 - EXHIBIT 31.1 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-09302015x10qxex311.htm |
EX-31.2 - EXHIBIT 31.2 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-09302015x10qxex312.htm |
EX-32 - EXHIBIT 32 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-09302015x10qxex32.htm |
10-Q - PDF COPY OF CFSC 2015 3RD QUARTER 10-Q AND EXHIBITS - CATERPILLAR FINANCIAL SERVICES CORP | cfsc0930201510q.pdf |
EXHIBIT 12
Caterpillar Financial Services Corporation
COMPUTATION OF RATIO OF PROFIT TO FIXED CHARGES
(Unaudited)
(Dollars in Millions)
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Profit | $ | 109 | $ | 148 | $ | 346 | $ | 427 | |||||||
Add: | |||||||||||||||
Provision for income taxes | 44 | 47 | 142 | 153 | |||||||||||
Profit before income taxes | $ | 153 | $ | 195 | $ | 488 | $ | 580 | |||||||
Fixed charges: | |||||||||||||||
Interest expense | $ | 144 | $ | 158 | $ | 445 | $ | 475 | |||||||
Rentals at computed interest* | 1 | 1 | 4 | 4 | |||||||||||
Total fixed charges | $ | 145 | $ | 159 | $ | 449 | $ | 479 | |||||||
Profit before income taxes plus fixed charges | $ | 298 | $ | 354 | $ | 937 | $ | 1,059 | |||||||
Ratio of profit before income taxes plus fixed charges to fixed charges | 2.06 | 2.23 | 2.09 | 2.21 | |||||||||||
*Those portions of rent expense that are representative of interest cost.