Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - TIMKEN CO | tkr10-q63016.htm |
| EX-32 - EXHIBIT 32 - TIMKEN CO | tkr63016exhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - TIMKEN CO | tkr63016exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - TIMKEN CO | tkr63016exhibit311.htm |
| EX-3.1 - EXHIBIT 3.1 - TIMKEN CO | tkr63016exhibit31.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)
Six Months Ended June 30, | Twelve Months Ended December 31, | ||||||||||||||||||
2016 | 2015 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||
Income (loss) from continuing operations before tax | $ | 155.4 | $ | (89.5 | ) | $ | (189.6 | ) | $ | 204.0 | $ | 290.1 | $ | 517.8 | |||||
Share of undistributed (losses) income from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt | $ | (0.4 | ) | $ | (0.4 | ) | $ | (0.8 | ) | $ | (0.6 | ) | $ | (0.4 | ) | $ | 0.5 | ||
Amortization of capitalized interest | 0.3 | 0.4 | 0.6 | 0.9 | (1.3 | ) | (1.3 | ) | |||||||||||
Interest expense | 17.1 | 16.5 | 33.4 | 28.7 | 24.4 | 31.1 | |||||||||||||
Interest portion of rental expense | 2.4 | 2.4 | 4.8 | 5.2 | 8.0 | 8.0 | |||||||||||||
Earnings (loss) | $ | 174.8 | $ | (70.6 | ) | $ | (151.6 | ) | $ | 238.2 | $ | 320.8 | $ | 556.1 | |||||
Interest | $ | 17.5 | $ | 16.5 | $ | 33.4 | $ | 30.4 | $ | 37.1 | $ | 36.0 | |||||||
Interest portion of rental expense | 2.4 | 2.4 | 4.8 | 5.2 | 8.0 | 8.0 | |||||||||||||
Fixed Charges | $ | 19.9 | $ | 18.9 | $ | 38.2 | $ | 35.6 | $ | 45.1 | $ | 44.0 | |||||||
Ratio of Earnings to Fixed Charges | 8.78 | (3.74 | ) | (3.97 | ) | 6.69 | 7.11 | 12.64 | |||||||||||