Attached files
| file | filename |
|---|---|
| EX-32 - CERTIFICATION - OMNICOM GROUP INC. | a2017q4exhibit32.htm |
| EX-31.2 - CERTIFICATION - OMNICOM GROUP INC. | a2017q4exhibit312.htm |
| EX-31.1 - CERTIFICATION - OMNICOM GROUP INC. | a2017q4exhibit311.htm |
| EX-23 - CONSENT OF KPMG - OMNICOM GROUP INC. | a2017q4exhibit23.htm |
| EX-21 - SUBSIDIARIES - OMNICOM GROUP INC. | a2017q4exhibit21.htm |
| 10-K - 10-K - OMNICOM GROUP INC. | a2017q410-k.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratios)
For the Years Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 1,884.9 | $ | 1,841.8 | $ | 1,778.6 | $ | 1,810.0 | $ | 1,660.9 | |||||||||
Add: Dividends from equity method investments | 5.7 | 10.4 | 10.8 | 12.6 | 17.2 | ||||||||||||||
Fixed charges | 341.3 | 328.1 | 299.1 | 307.1 | 331.3 | ||||||||||||||
Total earnings | $ | 2,231.9 | $ | 2,180.3 | $ | 2,088.5 | $ | 2,129.7 | $ | 2,009.4 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense (a) | $ | 224.5 | $ | 209.7 | $ | 181.1 | $ | 177.2 | $ | 197.2 | |||||||||
Rent expense interest factor (b) | 116.8 | 118.4 | 118.0 | 129.9 | 134.1 | ||||||||||||||
Total fixed charges | $ | 341.3 | $ | 328.1 | $ | 299.1 | $ | 307.1 | $ | 331.3 | |||||||||
Ratio of earnings to fixed charges | 6.54x | 6.65x | 6.98x | 6.93x | 6.07x | ||||||||||||||
___________________
(a) | Interest expense includes interest on third-party indebtedness. |
(b) | The rent expense interest factor reflects an appropriate portion (one-third) of rent expense representative of interest. |