Attached files
| file | filename |
|---|---|
| 10-K - 10-K - CARNIVAL CORP | a2015form10-kfrontpart.htm |
| EX-4.1 - EX-4.1 - CARNIVAL CORP | exhibit4110-k.htm |
| EX-13 - EX-13 - CARNIVAL CORP | a2015ex-13.htm |
| EX-21 - EX-21 - CARNIVAL CORP | exhibit2110-k.htm |
| EX-23 - EX-23 - CARNIVAL CORP | exhibit2310-k.htm |
| EX-24 - EX-24 - CARNIVAL CORP | exhibit2410-k.htm |
| EX-31.1 - EX-31.1 - CARNIVAL CORP | exhibit31110-k.htm |
| EX-31.2 - EX-31.2 - CARNIVAL CORP | exhibit31210-k.htm |
| EX-31.3 - EX-31.3 - CARNIVAL CORP | exhibit31310-k.htm |
| EX-31.4 - EX-31.4 - CARNIVAL CORP | exhibit31410-k.htm |
| EX-32.1 - EX-32.1 - CARNIVAL CORP | exhibit32110-k.htm |
| EX-32.2 - EX-32.2 - CARNIVAL CORP | exhibit32210-k.htm |
| EX-32.3 - EX-32.3 - CARNIVAL CORP | exhibit32310-k.htm |
| EX-32.4 - EX-32.4 - CARNIVAL CORP | exhibit32410-k.htm |
| 10-K - PDF OF THE FORM 10-K - CARNIVAL CORP | a201510k.pdf |
Exhibit 12
CARNIVAL CORPORATION & PLC RATIO OF EARNINGS TO FIXED CHARGES (in millions, except ratios) | ||||||||||||||||||||||||
Years Ended November 30, | ||||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Net income | $ | 1,757 | $ | 1,216 | $ | 1,078 | $ | 1,298 | $ | 1,912 | ||||||||||||||
Income tax (benefit) expense, net | 42 | 9 | (6 | ) | 4 | - | ||||||||||||||||||
Income before income taxes | 1,799 | 1,225 | 1,072 | 1,302 | 1,912 | |||||||||||||||||||
Fixed charges | ||||||||||||||||||||||||
Interest expense, net | 217 | 288 | 319 | 336 | 365 | |||||||||||||||||||
Interest portion of rent expense (a) | 23 | 21 | 20 | 19 | 20 | |||||||||||||||||||
Capitalized interest | 22 | 21 | 15 | 17 | 21 | |||||||||||||||||||
Total fixed charges | 262 | 330 | 354 | 372 | 406 | |||||||||||||||||||
Fixed charges not affecting earnings | ||||||||||||||||||||||||
Capitalized interest | (22 | ) | (21 | ) | (15 | ) | (17 | ) | (21 | ) | ||||||||||||||
Earnings before fixed charges | $ | 2,039 | $ | 1,534 | $ | 1,411 | $ | 1,657 | $ | 2,297 | ||||||||||||||
Ratio of earnings to fixed charges | 7.8x | 4.6x | 4.0x | 4.5x | 5.7x | |||||||||||||||||||
(a) Represents one-third of rent expense, which we believe to be representative of the interest portion of rent expense.