Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | br20160630ex321.htm |
| EX-32.2 - EXHIBIT 32.2 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | br20160630ex322.htm |
| EX-31.2 - EXHIBIT 31.2 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | br20160630ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | br20160630ex311.htm |
| EX-23 - EXHIBIT 23 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | br20160630ex231.htm |
| EX-21 - EXHIBIT 21 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | exhibit211subsidiaries2016.htm |
| 10-K - 10-K - BROADRIDGE FINANCIAL SOLUTIONS, INC. | br-20160630x10xk.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
Fiscal Years Ended June 30, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
($ in millions) | |||||||||||||||||||
Earnings: | |||||||||||||||||||
Add: | |||||||||||||||||||
Earnings from continuing operations before income taxes | $ | 468.9 | $ | 438.9 | $ | 395.5 | $ | 323.2 | $ | 200.9 | |||||||||
Fixed charges | 41.1 | 37.6 | 36.5 | 28.0 | 28.4 | ||||||||||||||
Amortization of capitalized interest | — | — | — | — | — | ||||||||||||||
Distributed income from equity investees | — | — | — | — | — | ||||||||||||||
Share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges | — | — | — | — | — | ||||||||||||||
Less: | |||||||||||||||||||
Interest capitalized | — | — | — | — | — | ||||||||||||||
Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | ||||||||||||||
The minority interest in the pre-tax income/(loss) of subsidiaries that have not incurred fixed charges(2) | (5.1 | ) | (5.5 | ) | — | 0.1 | (0.7 | ) | |||||||||||
Total | $ | 515.1 | $ | 482.0 | $ | 432.0 | $ | 351.1 | $ | 230.0 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 28.4 | $ | 25.4 | $ | 23.7 | $ | 14.5 | $ | 14.0 | |||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | — | — | — | — | — | ||||||||||||||
Estimate of the interest within rental expense(1) | 12.7 | 12.2 | 12.8 | 13.5 | 14.4 | ||||||||||||||
Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | ||||||||||||||
Total | $ | 41.1 | $ | 37.6 | $ | 36.5 | $ | 28.0 | $ | 28.4 | |||||||||
Ratio of Earnings to Fixed Charges | 12.5 | 12.8 | 11.8 | 12.5 | 8.1 | ||||||||||||||
(1) | One-third of rental expense under operating leases is assumed to be the equivalent of interest. |
(2) | Represents the Company’s share of gains (losses) from its equity method investments. |