Attached files
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EX-32.2 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 BY THE CHIEF FINANCIAL OFFICER - MCDONALDS CORP | mcd-3312016xex322.htm |
10-Q - 10-Q - MCDONALDS CORP | mcd-3312016x10q.htm |
EX-31.1 - RULE 13A-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MCDONALDS CORP | mcd-3312016xex311.htm |
EX-31.2 - RULE 13A-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - MCDONALDS CORP | mcd-3312016xex312.htm |
EX-32.1 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 BY THE CHIEF EXECUTIVE OFFICER - MCDONALDS CORP | mcd-3312016xex321.htm |
10-Q - PDF OF ENTIRE FORM 10-Q - MCDONALDS CORP | mcd-331201610q.pdf |
Exhibit 12. Computation of Ratios | |||||||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | |||||||||||||||||||||||||||
Dollars in millions | |||||||||||||||||||||||||||
Three Months | |||||||||||||||||||||||||||
Ended March 31, | Years Ended December 31, | ||||||||||||||||||||||||||
2016 | 2015 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||||
Earnings available for fixed charges | |||||||||||||||||||||||||||
- Income before provision for income taxes | $ | 1,576.4 | $ | 1,254.1 | $ | 6,555.7 | $ | 7,372.0 | $ | 8,204.5 | $ | 8,079.0 | $ | 8,012.2 | |||||||||||||
- Noncontrolling interest expense in operating results of majority-owned subsidiaries less equity in undistributed operating results of less than 50%-owned affiliates | 3.9 | 0.4 | 7.3 | 6.3 | 9.0 | 11.1 | 13.3 | ||||||||||||||||||||
- Income tax provision (benefit) of 50%-owned affiliates included in income from continuing operations before provision for income taxes | (0.1 | ) | 4.2 | 3.7 | (0.1 | ) | 23.8 | 64.0 | 65.5 | ||||||||||||||||||
- Portion of rent charges (after reduction for rental income from subleased properties) considered to be representative of interest factors* | 87.3 | 87.7 | 365.1 | 374.6 | 374.6 | 358.1 | 339.4 | ||||||||||||||||||||
- Interest expense, amortization of debt discount and issuance costs, and depreciation of capitalized interest* | 226.1 | 153.9 | 660.4 | 596.1 | 548.9 | 550.1 | 520.5 | ||||||||||||||||||||
$ | 1,893.6 | $ | 1,500.3 | $ | 7,592.2 | $ | 8,348.9 | $ | 9,160.8 | $ | 9,062.3 | $ | 8,950.9 | ||||||||||||||
Fixed charges | |||||||||||||||||||||||||||
- Portion of rent charges (after reduction for rental income from subleased properties) considered to be representative of interest factors* | $ | 87.3 | $ | 87.7 | $ | 365.1 | $ | 374.6 | $ | 374.6 | $ | 358.1 | $ | 339.4 | |||||||||||||
- Interest expense, amortization of debt discount and issuance costs* | 221.9 | 149.7 | 643.7 | 579.8 | 532.1 | 532.8 | 503.0 | ||||||||||||||||||||
- Capitalized interest* | 1.6 | 2.6 | 9.4 | 14.8 | 15.6 | 16.1 | 14.0 | ||||||||||||||||||||
$ | 310.8 | $ | 240.0 | $ | 1,018.2 | $ | 969.2 | $ | 922.3 | $ | 907.0 | $ | 856.4 | ||||||||||||||
Ratio of earnings to fixed charges | 6.09 | 6.25 | 7.46 | 8.61 | 9.93 | 9.99 | 10.45 |
* | Includes amounts of the Company and its majority-owned subsidiaries, and one-half of the amounts of 50%-owned affiliates. The Company records interest expense on unrecognized tax benefits in the provision for income taxes. This interest is not included in the computation of fixed charges. |