Attached files
| file | filename |
|---|---|
| 10-K - 10-K - MASTEC INC | mtz12311610-k.htm |
| EX-32.2 - EXHIBIT 32.2 - MASTEC INC | mtz12311610-kex322.htm |
| EX-32.1 - EXHIBIT 32.1 - MASTEC INC | mtz12311610-kex321.htm |
| EX-31.2 - EXHIBIT 31.2 - MASTEC INC | mtz12311610-kex312.htm |
| EX-31.1 - EXHIBIT 31.1 - MASTEC INC | mtz12311610-kex311.htm |
| EX-23.1 - EXHIBIT 23.1 - MASTEC INC | mtz12311610-kex231.htm |
| EX-21 - EXHIBIT 21 - MASTEC INC | mtz12311610-kex21.htm |
Exhibit 12.1
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
Ratio of Earnings to Fixed Charges (dollar amounts in thousands):
For the Years Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 225,819 | $ | (67,746 | ) | $ | 198,430 | $ | 240,214 | $ | 192,719 | ||||||||
Add: Fixed charges | 184,360 | 141,403 | 138,618 | 131,281 | 111,949 | ||||||||||||||
Less: Undistributed earnings (losses) from equity investees | 3,528 | (7,978 | ) | (269 | ) | — | — | ||||||||||||
Total earnings | $ | 406,651 | $ | 81,635 | $ | 337,317 | $ | 371,495 | $ | 304,668 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 51,520 | $ | 48,729 | $ | 50,898 | $ | 46,804 | $ | 37,784 | |||||||||
Estimate of interest expense within rental expense | 132,840 | 92,674 | 87,720 | 84,477 | 74,165 | ||||||||||||||
Total fixed charges | $ | 184,360 | $ | 141,403 | $ | 138,618 | $ | 131,281 | $ | 111,949 | |||||||||
Ratio of earnings to fixed charges | 2.2 | 0.6 | 2.4 | 2.8 | 2.7 | ||||||||||||||