Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - TIFFANY & CO | tif-exhibit321x1312016.htm |
| EX-31.2 - EXHIBIT 31.2 - TIFFANY & CO | tif-exhibit312x1312016.htm |
| EX-21.1 - EXHIBIT 21.1 - TIFFANY & CO | tif-exhibit211x1312016.htm |
| EX-31.1 - EXHIBIT 31.1 - TIFFANY & CO | tif-exhibit311x1312016.htm |
| EX-32.2 - EXHIBIT 32.2 - TIFFANY & CO | tif-exhibit322x1312016.htm |
| EX-10.32 - EXHIBIT 10.32 - TIFFANY & CO | tif-exhibit1032x1312016.htm |
| EX-10.33 - EXHIBIT 10.33 - TIFFANY & CO | tif-exhibit1033x1312016.htm |
| 10-K - 10-K - TIFFANY & CO | tif-2016131x10k.htm |
| EX-23.1 - EXHIBIT 23.1 - TIFFANY & CO | tif-exhibit231x1312016.htm |
Exhibit 12.1
TIFFANY & CO.
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Years ended January 31, | |||||||||||||||
(dollars in millions) | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||
Earnings from continuing operations before income taxes | $ | 709.9 | $ | 737.5 | $ | 254.9 | $ | 643.6 | $ | 665.0 | |||||
Fixed charges, less capitalized interest | 125.1 | 134.8 | 133.3 | 120.1 | 114.2 | ||||||||||
Total earnings as defined | $ | 835.0 | $ | 872.3 | $ | 388.2 | $ | 763.7 | $ | 779.2 | |||||
Fixed Charges: | |||||||||||||||
Interest expense before capitalization of interest a | $ | 45.7 | $ | 58.9 | $ | 59.6 | $ | 55.1 | $ | 43.3 | |||||
Estimated interest portion of rent expense | 80.6 | 76.9 | 74.5 | 65.5 | 71.6 | ||||||||||
Total fixed charges b | $ | 126.3 | $ | 135.8 | $ | 134.1 | $ | 120.6 | $ | 114.9 | |||||
Ratio of Earnings to Fixed Charges | 6.6 | x | 6.4 | x | 2.9 | x | 6.3 | x | 6.8 | x | |||||
a | Interest expense does not include interest related to uncertain tax positions and other non-third party indebtedness. |
b | Fixed charges represent interest expense (before interest is capitalized), amortization of deferred financing costs and an appropriate interest factor on operating leases. |