Attached files
| file | filename |
|---|---|
| 10-K - 10-K - Ingredion Inc | a15-23372_110k.htm |
| EX-21.1 - EX-21.1 - Ingredion Inc | a15-23372_1ex21d1.htm |
| EX-32.1 - EX-32.1 - Ingredion Inc | a15-23372_1ex32d1.htm |
| EX-32.2 - EX-32.2 - Ingredion Inc | a15-23372_1ex32d2.htm |
| EX-23.1 - EX-23.1 - Ingredion Inc | a15-23372_1ex23d1.htm |
| EX-31.2 - EX-31.2 - Ingredion Inc | a15-23372_1ex31d2.htm |
| EX-31.1 - EX-31.1 - Ingredion Inc | a15-23372_1ex31d1.htm |
| EX-24.1 - EX-24.1 - Ingredion Inc | a15-23372_1ex24d1.htm |
| EX-10.13 - EX-10.13 - Ingredion Inc | a15-23372_1ex10d13.htm |
| EX-10.14 - EX-10.14 - Ingredion Inc | a15-23372_1ex10d14.htm |
| EX-10.12 - EX-10.12 - Ingredion Inc | a15-23372_1ex10d12.htm |
EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
INGREDION INCORPORATED
Computation of Ratios of Earnings to Fixed Charges
|
(in millions, except ratios) |
|
2015 |
|
2014 |
|
2013 |
|
2012 |
|
2011 |
| |||||
|
Income before income taxes and earnings of non-controlling interests |
|
$ |
598.6 |
|
$ |
520.1 |
|
$ |
546.8 |
|
$ |
600.6 |
|
$ |
593.4 |
|
|
Fixed charges |
|
74.4 |
|
76.3 |
|
79.9 |
|
84.3 |
|
88.5 |
| |||||
|
Capitalized interest |
|
(2.3 |
) |
(2.1 |
) |
(4.3 |
) |
(5.6 |
) |
(5.2 |
) | |||||
|
Total |
|
$ |
670.7 |
|
$ |
594.3 |
|
$ |
622.4 |
|
$ |
679.3 |
|
$ |
676.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
RATIO OF EARNINGS TO FIXED CHARGES |
|
9.01 |
|
7.79 |
|
7.79 |
|
8.06 |
|
7.65 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
FIXED CHARGES: |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Interest expense on debt |
|
$ |
68.9 |
|
$ |
71.3 |
|
$ |
74.6 |
|
$ |
79.4 |
|
$ |
83.4 |
|
|
Amortization of discount on debt |
|
3.4 |
|
3.4 |
|
3.4 |
|
3.2 |
|
3.0 |
| |||||
|
Interest portion of rental expense on operating leases |
|
2.1 |
|
1.6 |
|
1.9 |
|
1.7 |
|
2.1 |
| |||||
|
Total |
|
$ |
74.4 |
|
$ |
76.3 |
|
$ |
79.9 |
|
$ |
84.3 |
|
$ |
88.5 |
|