Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - Cboe Global Markets, Inc. | exhibit322-63017.htm |
| EX-32.1 - EXHIBIT 32.1 - Cboe Global Markets, Inc. | exhibit321-63017.htm |
| EX-31.2 - EXHIBIT 31.2 - Cboe Global Markets, Inc. | exhibit312-63017.htm |
| EX-31.1 - EXHIBIT 31.1 - Cboe Global Markets, Inc. | exhibit311-63017.htm |
| EX-10.1 - EXHIBIT 10.1 - Cboe Global Markets, Inc. | exhbit101-63017.htm |
| 10-Q - 10-Q - Cboe Global Markets, Inc. | cboe10-qq22017.htm |
EXHIBIT 12.1
Ratio of Earnings to Fixed Charges
Six Months Ended June 30, | Year Ended December 31, | |||||||||||||||||
(in millions, except ratios) | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||
Earnings: | ||||||||||||||||||
Income before taxes | $ | 123.7 | $ | 305.4 | $ | 323.2 | $ | 310.9 | $ | 285.6 | $ | 244.3 | ||||||
Fixed charges: | ||||||||||||||||||
Interest expensed and capitalized and amortized premiums, discounts | 21.1 | 5.7 | — | — | — | — | ||||||||||||
An estimate of interest expense within rental expense | 1.4 | 1.5 | 1.4 | 1.3 | 1.0 | 1.1 | ||||||||||||
Distributed income of equity investees | 1.5 | 2.9 | 2.4 | — | — | — | ||||||||||||
Total fixed charges | $ | 24.0 | $ | 10.1 | $ | 3.8 | $ | 1.3 | $ | 1.0 | $ | 1.1 | ||||||
Total earnings including fixed charges | $ | 147.7 | $ | 315.6 | $ | 327.0 | $ | 312.2 | $ | 286.6 | $ | 245.4 | ||||||
Ratio of earnings to fixed charges (1) | 6.6x | 43.7x | 231.4x | 245.7x | 286.9x | 213.6x | ||||||||||||
(1) The ratio of earnings to fixed charges equals earnings divided by fixed charges. Earnings is defined as the amount resulting from adding and subtracting the following items. Add the following: (a) pre-tax income from continuing operations before adjustment for income or loss from equity investees; (b) fixed charges; (c) amortization of capitalized interest; (d) distributed income of equity investees; and (e) the portion of pre-tax losses of equity investees attributable to CBOE Holdings for which charges arising from guarantees are included in fixed charges. From the total of the added items, subtract the following: (a) interest capitalized; (b) preference security dividend requirements of consolidated subsidiaries; and (c) the noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges. Fixed charges are defined as the sum of the following: (a) interest expensed and capitalized; (b) amortized premiums, discounts and capitalized expenses related to indebtedness; (c) an estimate of the interest within rental expense; and (d) preference security dividend requirements of consolidated subsidiaries.