Attached files
| file | filename |
|---|---|
| 10-Q - CFSC 2016 1ST QUARTER 10-Q - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-03312016x10q.htm |
| EX-31.1 - EXHIBIT 31.1 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-03312016x10qxex311.htm |
| EX-31.2 - EXHIBIT 31.2 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-03312016x10qxex312.htm |
| EX-32 - EXHIBIT 32 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-03312016x10qxex32.htm |
| 10-Q - PDF COPY OF CFSC 2016 1ST QUARTER 10-Q AND EXHIBITS - CATERPILLAR FINANCIAL SERVICES CORP | cfsc0331201610q.pdf |
EXHIBIT 12
Caterpillar Financial Services Corporation
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
(Dollars in Millions)
Three Months Ended March 31, | |||||||
2016 | 2015 | ||||||
Profit of consolidated companies | $ | 101 | $ | 135 | |||
Add: | |||||||
Provision for income taxes | 44 | 52 | |||||
Profit before income taxes | $ | 145 | $ | 187 | |||
Fixed charges: | |||||||
Interest expense | $ | 155 | $ | 151 | |||
Rentals at computed interest* | 1 | 1 | |||||
Total fixed charges | $ | 156 | $ | 152 | |||
Profit before income taxes plus fixed charges | $ | 301 | $ | 339 | |||
Ratio of profit before income taxes plus fixed charges to fixed charges | 1.93 | 2.23 | |||||
*Those portions of rent expense that are representative of interest cost.