Attached files
| file | filename |
|---|---|
| 10-K - 10-K - Ingredion Inc | ingr-20161231x10k.htm |
| EX-32.2 - EX-32.2 - Ingredion Inc | ingr-20161231ex322e54b4a.htm |
| EX-32.1 - EX-32.1 - Ingredion Inc | ingr-20161231ex321305deb.htm |
| EX-31.2 - EX-31.2 - Ingredion Inc | ingr-20161231ex312cac079.htm |
| EX-31.1 - EX-31.1 - Ingredion Inc | ingr-20161231ex3117fed7b.htm |
| EX-24.1 - EX-24.1 - Ingredion Inc | ingr-20161231ex241dbc843.htm |
| EX-23.1 - EX-23.1 - Ingredion Inc | ingr-20161231ex231df614e.htm |
| EX-21.1 - EX-21.1 - Ingredion Inc | ingr-20161231ex2119f8e01.htm |
| EX-10.28 - EX-10.28 - Ingredion Inc | ingr-20161231ex1028123d4.htm |
EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
INGREDION INCORPORATED
Computation of Ratios of Earnings to Fixed Charges
|
(in millions, except ratios) |
|
2016 |
|
2015 |
|
2014 |
|
2013 |
|
2012 |
|
|||||
|
Income before income taxes and earnings of non-controlling interests |
|
$ |
741.8 |
|
$ |
598.6 |
|
$ |
520.1 |
|
$ |
546.8 |
|
$ |
600.6 |
|
|
Fixed charges |
|
|
79.2 |
|
|
74.4 |
|
|
76.3 |
|
|
79.9 |
|
|
84.3 |
|
|
Capitalized interest |
|
|
(4.0) |
|
|
(2.3) |
|
|
(2.1) |
|
|
(4.3) |
|
|
(5.6) |
|
|
Total |
|
$ |
817.0 |
|
$ |
670.7 |
|
$ |
594.3 |
|
$ |
622.4 |
|
$ |
679.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RATIO OF EARNINGS TO FIXED CHARGES |
|
|
10.32 |
|
|
9.01 |
|
|
7.79 |
|
|
7.79 |
|
|
8.06 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
|
FIXED CHARGES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense on debt |
|
$ |
75.0 |
|
$ |
68.9 |
|
$ |
71.3 |
|
$ |
74.6 |
|
$ |
79.4 |
|
|
Amortization of discount on debt |
|
|
2.0 |
|
|
3.4 |
|
|
3.4 |
|
|
3.4 |
|
|
3.2 |
|
|
Interest portion of rental expense on operating leases |
|
|
2.2 |
|
|
2.1 |
|
|
1.6 |
|
|
1.9 |
|
|
1.7 |
|
|
Total |
|
$ |
79.2 |
|
$ |
74.4 |
|
$ |
76.3 |
|
$ |
79.9 |
|
$ |
84.3 |
|