Attached files
| file | filename |
|---|---|
| 10-Q - TEX 9.30.2016 10-Q - TEREX CORP | tex930201610-q.htm |
| EX-32 - EXHIBIT 32 CEO AND CFO CERTFICATION - TEREX CORP | tex9302016-ex32.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - TEREX CORP | tex9302016-ex312.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - TEREX CORP | tex9302016-ex311.htm |
Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Earnings: | |||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 13.9 | $ | 55.9 | $ | 38.3 | $ | 169.0 | |||||||
Adjustments: | |||||||||||||||
Undistributed (income) loss of less than 50% owned investments | (0.3 | ) | 1.5 | 0.1 | 1.7 | ||||||||||
Fixed charges | 28.9 | 30.0 | 87.0 | 94.7 | |||||||||||
Earnings (loss) | $ | 42.5 | $ | 87.4 | $ | 125.4 | $ | 265.4 | |||||||
Fixed charges: | |||||||||||||||
Interest expense, including debt discount amortization | 24.0 | 24.3 | $ | 71.5 | $ | 78.5 | |||||||||
Amortization/writeoff of debt issuance costs | 1.4 | 1.4 | 4.5 | 4.0 | |||||||||||
Portion of rental expense representative of interest factor (assumed to be 33%) | 3.5 | 4.3 | 11.0 | 12.2 | |||||||||||
Fixed charges | $ | 28.9 | $ | 30.0 | $ | 87.0 | $ | 94.7 | |||||||
Ratio of earnings to fixed charges | 1.5 | 2.9 | 1.4 | 2.8 | |||||||||||