Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - HORTON D R INC /DE/ | a1231201610q.htm |
| EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - HORTON D R INC /DE/ | a12312016exhibit322.htm |
| EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - HORTON D R INC /DE/ | a12312016exhibit321.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302(A) - HORTON D R INC /DE/ | a12312016exhibit312.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302(A) - HORTON D R INC /DE/ | a12312016exhibit311.htm |
Exhibit 12.1
D.R. HORTON, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended December 31, 2016 | For the Fiscal Year Ended September 30, | |||||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||||
($ in millions) | ||||||||||||||||||||||||
Consolidated income before income taxes | $ | 318.1 | $ | 1,353.5 | $ | 1,123.4 | $ | 814.2 | $ | 657.8 | $ | 242.9 | ||||||||||||
Amortization of capitalized interest | 34.7 | 169.1 | 159.7 | 124.4 | 110.9 | 94.1 | ||||||||||||||||||
Interest expensed | 1.5 | 6.2 | 5.6 | 4.8 | 11.7 | 31.5 | ||||||||||||||||||
Earnings | $ | 354.3 | $ | 1,528.8 | $ | 1,288.7 | $ | 943.4 | $ | 780.4 | $ | 368.5 | ||||||||||||
Interest incurred | $ | 35.0 | $ | 158.5 | $ | 174.8 | $ | 190.6 | $ | 177.3 | $ | 128.7 | ||||||||||||
Fixed charges | $ | 35.0 | $ | 158.5 | $ | 174.8 | $ | 190.6 | $ | 177.3 | $ | 128.7 | ||||||||||||
Ratio of earnings to fixed charges | 10.12 | 9.65 | 7.37 | 4.95 | 4.40 | 2.86 | ||||||||||||||||||