Attached files
| file | filename |
|---|---|
| 10-K - 10-K - RYDER SYSTEM INC | a201510-k.htm |
| EX-24.1 - EXHIBIT 24.1 - RYDER SYSTEM INC | ryderex241201510-k.htm |
| EX-23.1 - EXHIBIT 23.1 - RYDER SYSTEM INC | ryderex231201510-k.htm |
| EX-31.1 - EXHIBIT 31.1 - RYDER SYSTEM INC | ryderex311201510-k.htm |
| EX-31.2 - EXHIBIT 31.2 - RYDER SYSTEM INC | ryderex312201510-k.htm |
| EX-21.1 - EXHIBIT 21.1 - RYDER SYSTEM INC | ryderex211201510-k.htm |
| EX-32 - EXHIBIT 32 - RYDER SYSTEM INC | ryderex32201510-k.htm |
EXHIBIT 12
Ryder System, Inc. and Subsidiaries | ||||||||||||||
Ratio of Earnings to Fixed Charges | ||||||||||||||
Continuing Operations | ||||||||||||||
(Dollars in thousands) | ||||||||||||||
Years Ended | ||||||||||||||
2011 | 2012 | 2013 | 2014 | 2015 | ||||||||||
EARNINGS: | ||||||||||||||
Earnings before income taxes | 278,395 | 302,768 | 369,014 | 338,267 | 469,215 | |||||||||
Fixed charges | 177,981 | 183,902 | 181,460 | 187,291 | 194,573 | |||||||||
Add: Amortization of capitalized interest | 722 | 713 | 589 | 535 | 571 | |||||||||
Less: Interest capitalized | 17 | — | — | — | — | |||||||||
Earnings available for fixed charges (A) | 457,115 | 487,383 | 551,063 | 526,093 | 664,359 | |||||||||
FIXED CHARGES: | ||||||||||||||
Interest and other financial charges | 132,584 | 143,590 | 140,729 | 144,960 | 150,721 | |||||||||
Portion of rents representing interest expense | 45,397 | 40,312 | 40,731 | 42,331 | 43,852 | |||||||||
Total fixed charges (B) | 177,981 | 183,902 | 188,144 | 187,291 | 194,573 | |||||||||
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B) | 2.57x | 2.65x | 3.04x | 2.81x | 3.41x | |||||||||