Western Union CO - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - May 3, 2016

Attached files

file filename
EX-10.4 - FORM OF PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD NOTICE FOR AUSTRIA - Western Union COwu-03312016xex104.htm
EX-15 - LETTER FROM ERNST & YOUNG LLP REGARDING UNAUDITED INTERIM FINANCIAL INFORMATION - Western Union COwu-03312016xex15.htm
EX-32 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER - Western Union COwu-03312016xex32.htm
EX-10.8 - FORM OF NONQUALIFIED STOCK OPTION AWARD AGREEMENT FOR NON-U.S. - Western Union COwu-03312016xex108.htm
EX-10.7 - FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT FOR SECTION 16 OFFICERS (NON-U.S.) - Western Union COwu-03312016xex107.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER OF THE WESTERN UNION COMPANY - Western Union COwu-03312016xex312.htm
EX-10.5 - FORM OF PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD NOTICE FOR UAE - Western Union COwu-03312016xex105.htm
EX-10.6 - FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT FOR SECTION 16 OFFICERS (U.S.) - Western Union COwu-03312016xex106.htm
EX-10.2 - SUPPLEMENTAL INCENTIVE SAVINGS PLAN, AS AMENDED AND RESTATED - Western Union COwu-03312016xex102.htm
EX-10.3 - FORM OF PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD NOTICE FOR U.S. - Western Union COwu-03312016xex103.htm
10-Q - 10-Q - Western Union COwu-3312016x10q.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER OF THE WESTERN UNION COMPANY - Western Union COwu-03312016xex311.htm


Exhibit 12

THE WESTERN UNION COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(unaudited)
(in millions)

 
Three Months Ended March 31,
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings:
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
217.5

 
$
941.8

 
$
968.2

 
$
926.9

 
$
1,168.8

 
$
1,274.6

Fixed charges
40.9

 
175.6

 
182.7

 
198.8

 
177.8

 
182.9

Other adjustments
3.5

 
(6.9
)
 
(3.2
)
 
(0.7
)
 
5.3

 
2.6

Total earnings (a)
$
261.9

 
$
1,110.5

 
$
1,147.7

 
$
1,125.0

 
$
1,351.9

 
$
1,460.1

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
40.5

 
$
167.9

 
$
176.6

 
$
195.6

 
$
179.6

 
$
181.9

Other adjustments
0.4

 
7.7

 
6.1

 
3.2

 
(1.8
)
 
1.0

Total fixed charges (b)
$
40.9

 
$
175.6

 
$
182.7

 
$
198.8

 
$
177.8

 
$
182.9

Ratio of earnings to fixed charges (a/b)
6.4

 
6.3

 
6.3

 
5.7

 
7.6

 
8.0


For purposes of calculating the ratio of earnings to fixed charges, earnings have been calculated by adding income before income taxes, fixed charges included in the determination of income before income taxes and distributions from equity method investments, and then subtracting income from equity method investments. Fixed charges consist of interest expense, and an estimated interest portion of rental expenses and income tax contingencies, which are included as a component of income tax expense.



Stock widget

Investing forum

Western Union CO Reports