Attached files
| file | filename |
|---|---|
| EX-32 - EXH 32 CEO AND CFO CERTIFICATION - TEREX CORP | tex33116-ex32.htm |
| EX-31.2 - EXH 31.2 CFO CERTIFICATION - TEREX CORP | tex33116-ex312.htm |
| EX-10.19 - EXH 10.19 LOAN AND SECURITY AGR - TEREX CORP | tex33116-ex1019.htm |
| 10-Q - 10-Q 03.31.2016 - TEREX CORP | tex331201610-q.htm |
| EX-31.1 - EXH 31.1 CEO CERTIFICATION - TEREX CORP | tex33116-ex311.htm |
Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
Three Months Ended March 31, | |||||||||
2016 | 2015 | ||||||||
Earnings: | |||||||||
Income (loss) before income taxes | $ | (69.4 | ) | $ | 10.1 | ||||
Adjustments: | |||||||||
Undistributed (income) loss of less than 50% owned investments | (0.9 | ) | (2.4 | ) | |||||
Fixed charges | 31.6 | 35.7 | |||||||
Earnings (loss) | $ | (38.7 | ) | $ | 43.4 | ||||
Fixed charges: | |||||||||
Interest expense, including debt discount amortization | 23.8 | 28.2 | |||||||
Amortization/writeoff of debt issuance costs | 1.4 | 1.3 | |||||||
Portion of rental expense representative of interest factor (assumed to be 33%) | 6.4 | 6.2 | |||||||
Fixed charges | $ | 31.6 | $ | 35.7 | |||||
Ratio of earnings to fixed charges | — | (1) | 1.2 | x | |||||
Amount of earnings deficiency for coverage of fixed charges | $ | 70.3 | $ | — | |||||
(1) Less than 1.0x | |||||||||