Attached files
| file | filename |
|---|---|
| EX-5.2 - EXHIBIT 5.2 - KIRBY CORP | ex5_2.htm |
| EX-5.1 - EXHIBIT 5.1 - KIRBY CORP | ex5_1.htm |
| EX-4.2 - EXHIBIT 4.2 - KIRBY CORP | ex4_2.htm |
| EX-4.1 - EXHIBIT 4.1 - KIRBY CORP | ex4_1.htm |
| EX-1.1 - EXHIBIT 1.1 - KIRBY CORP | ex1_1.htm |
| 8-K - 8-K - KIRBY CORP | form8k.htm |
Exhibit 12.1
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Kirby Corporation, Inc.
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Pro Forma Ratio of Earnings to Fixed Charges
Unaudited
(Dollars in thousands)
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Nine Months Ended
September 30,
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Year Ended
December 31,
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|
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2017
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2016
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Pro Forma Ratio of Earnings to Fixed Charges
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Earnings:
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Earnings before fixed charges
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$
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130,714
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$
|
222,944
|
||||
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Add: fixed charges
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31,274
|
44,946
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||||||
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$
|
161,988
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$
|
267,890
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|||||
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Fixed Charges:
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Interest expensed and capitalized
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$
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18,171
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$
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26,647
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||||
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Amortized premiums, discounts and capitalized expenses related to indebtedness
|
786
|
801
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An estimate of the interest within rental expense
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12,317
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17,498
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Total fixed charges
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$
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31,274
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$
|
44,946
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||||
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Pro forma ratio of earnings to fixed charges
|
5.18
|
5.96
|
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The pro forma ratio of earnings to fixed charges for the nine months ended September 30, 2017 and for the year ended December 31, 2016 assumes that the Company's acquisition of all of the outstanding shares of capital stock of Higman Marine, Inc. and its affiliated companies does not close and therefore gives effect to the offering and sale of the Company's 4.200% Senior Notes due 2028 and the application of all of the net proceeds therefrom to repay borrowings under the Company's revolving credit facility.