Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31.2 - UNIVERSAL CORP /VA/ | uvv-exhibit312x03312016.htm |
| 10-K - 10-K - UNIVERSAL CORP /VA/ | uvv-20160331x10k.htm |
| EX-32.2 - EXHIBIT 32.2 - UNIVERSAL CORP /VA/ | uvv-exhibit322x03312016.htm |
| EX-32.1 - EXHIBIT 32.1 - UNIVERSAL CORP /VA/ | uvv-exhibit321x03312016.htm |
| EX-31.1 - EXHIBIT 31.1 - UNIVERSAL CORP /VA/ | uvv-exhibit311x03312016.htm |
| EX-23 - EXHIBIT 23 - UNIVERSAL CORP /VA/ | uvv-exihibit23x03312016.htm |
| EX-21 - EXHIBIT 21 - UNIVERSAL CORP /VA/ | uvv-exhibit21x03312016.htm |
Exhibit 12
UNIVERSAL CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS
Fiscal Year Ended March 31, | ||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
(in thousands, except for ratios) | ||||||||||||||||||||
Earnings | ||||||||||||||||||||
Pretax income before equity in pretax earnings (loss) of unconsolidated affiliates | $ | 167,156 | $ | 151,330 | $ | 226,793 | $ | 201,650 | $ | 158,783 | ||||||||||
Fixed charges (net of interest capitalized) | 18,499 | 20,993 | 23,974 | 25,646 | 26,882 | |||||||||||||||
Distribution of earnings from unconsolidated affiliates | 3,422 | 5,228 | 6,508 | 123 | 16,724 | |||||||||||||||
Total Earnings | $ | 189,077 | $ | 177,551 | $ | 257,275 | $ | 227,419 | $ | 202,389 | ||||||||||
Fixed Charges and Preference Dividends | ||||||||||||||||||||
Interest expense | $ | 15,669 | $ | 17,120 | $ | 20,307 | $ | 22,013 | $ | 22,835 | ||||||||||
Interest capitalized | — | — | — | — | — | |||||||||||||||
Amortization of premiums, discounts, and debt issuance costs | 851 | 1,600 | 1,302 | 1,343 | 1,334 | |||||||||||||||
Interest component of rent expense | 1,979 | 2,273 | 2,365 | 2,290 | 2,713 | |||||||||||||||
Total Fixed Charges | 18,499 | 20,993 | 23,974 | 25,646 | 26,882 | |||||||||||||||
Dividends on convertible perpetual preferred stock (pretax) | 22,689 | 22,806 | 22,846 | 22,846 | 22,846 | |||||||||||||||
Total Fixed Charges and Preference Dividends | $ | 41,188 | $ | 43,799 | $ | 46,820 | $ | 48,492 | $ | 49,728 | ||||||||||
Ratio of Earnings to Fixed Charges | 10.22 | 8.46 | 10.73 | 8.87 | 7.53 | |||||||||||||||
Ratio of Earnings to Combined Fixed Charges and Preference Dividends | 4.59 | 4.05 | 5.49 | 4.69 | 4.07 | |||||||||||||||