Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - Archer-Daniels-Midland Co | adm-ex322_20161231x10k.htm |
| EX-32.1 - EXHIBIT 32.1 - Archer-Daniels-Midland Co | adm-ex321_20161231x10k.htm |
| EX-31.2 - EXHIBIT 31.2 - Archer-Daniels-Midland Co | adm-ex312_20161231x10k.htm |
| EX-31.1 - EXHIBIT 31.1 - Archer-Daniels-Midland Co | adm-ex311_20161231x10k.htm |
| EX-24 - EXHIBIT 24 - Archer-Daniels-Midland Co | adm_ex24x20161231-10k.htm |
| EX-23 - EXHIBIT 23 - Archer-Daniels-Midland Co | adm-ex23_20161231x10k.htm |
| EX-21 - EXHIBIT 21 - Archer-Daniels-Midland Co | adm-ex21_20161231x10k.htm |
| EX-10.V - EXHIBIT 10.V - Archer-Daniels-Midland Co | adm-ex10v_20161231x10k.htm |
| 10-K - 10-K - Archer-Daniels-Midland Co | adm-20161231x10k.htm |
Exhibit 12
Calculation of Ratio of Earnings to Fixed Charges
Archer Daniels Midland Company
Expressed in Thousands
Year Ended June 30 | Six Months Ended December 31 | Years Ended December 31 | ||||||||||||||||
2012 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
Earnings | ||||||||||||||||||
Earnings Before Income Taxes | $1,764,898 | $ | 997,275 | $ | 2,023,341 | $ | 3,129,966 | $ | 2,284,045 | $ | 1,822,158 | |||||||
Less: Equity in Earnings of | ||||||||||||||||||
Unconsolidated Affiliates, Net of | ||||||||||||||||||
Dividends | (243,121) | (200,833) | (285,263) | (214,979) | (49,693) | (60,870) | ||||||||||||
Less: Capitalized Interest | ||||||||||||||||||
Included in Interest Expense Below | (20,869) | (11,548) | (16,434) | (17,863) | (10,761) | (19,602) | ||||||||||||
Less: Noncontrolling Interest | (18,387) | (2,184) | (11,868) | (4,553) | 3,089 | (9,112) | ||||||||||||
Total Earnings | 1,482,521 | 782,710 | 1,709,776 | 2,892,571 | 2,226,680 | 1,732,574 | ||||||||||||
Fixed Charges | ||||||||||||||||||
Interest Expenses: | ||||||||||||||||||
Consolidated Interest Expense | 441,765 | 212,527 | 412,810 | 336,633 | 307,941 | 292,547 | ||||||||||||
Capitalized Interest | 20,869 | 11,548 | 16,434 | 17,863 | 10,761 | 19,602 | ||||||||||||
Total Interest Expense | 462,634 | 224,075 | 429,244 | 354,496 | 318,702 | 312,149 | ||||||||||||
One Third of Rental Expenses | 69,648 | 35,295 | 66,311 | 64,681 | 77,202 | 81,713 | ||||||||||||
Total Fixed Charges | 532,282 | 259,370 | 495,555 | 419,177 | 395,904 | 393,862 | ||||||||||||
Earnings Available for Fixed Charges | $2,014,803 | $1,042,080 | $ | 2,205,331 | $ | 3,311,748 | $ | 2,622,584 | $ | 2,126,436 | ||||||||
Ratio of Earnings to Fixed Charges | 3.79 | 4.02 | 4.45 | 7.90 | 6.62 | 5.40 | ||||||||||||