Attached files
| file | filename |
|---|---|
| EX-31 - EX-31 - POTLATCHDELTIC CORP | pch-ex31_9.htm |
| 10-K - FORM 10-K 2017 - POTLATCHDELTIC CORP | pch-10k_20171231.htm |
| EX-32 - EX-32 - POTLATCHDELTIC CORP | pch-ex32_7.htm |
| EX-24 - EX-24 - POTLATCHDELTIC CORP | pch-ex24_8.htm |
| EX-23 - EX-23 - POTLATCHDELTIC CORP | pch-ex23_6.htm |
| EX-21 - EX-21 - POTLATCHDELTIC CORP | pch-ex21_11.htm |
| EX-10.E - EX-10.E - POTLATCHDELTIC CORP | pch-ex10e_10.htm |
Exhibit (12)
POTLATCH CORPORATION
Computation of Ratio of Earnings to Fixed Charges
|
(Dollars in thousands) |
|
2017 |
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
|||||
|
Net income from continuing operations before income taxes |
|
$ |
118,474 |
|
|
$ |
6,613 |
|
|
$ |
26,146 |
|
|
$ |
109,597 |
|
|
$ |
84,466 |
|
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
25,827 |
|
|
|
27,480 |
|
|
|
31,567 |
|
|
|
21,834 |
|
|
|
21,885 |
|
|
Capitalized interest |
|
|
89 |
|
|
|
36 |
|
|
|
206 |
|
|
|
86 |
|
|
|
— |
|
|
Interest portion of rental expense |
|
|
1,506 |
|
|
|
1,410 |
|
|
|
1,517 |
|
|
|
1,332 |
|
|
|
1,191 |
|
|
Discount and debt expense amortization |
|
|
1,222 |
|
|
|
1,461 |
|
|
|
1,194 |
|
|
|
1,361 |
|
|
|
1,498 |
|
|
Earnings available for fixed charges |
|
$ |
147,118 |
|
|
$ |
37,000 |
|
|
$ |
60,630 |
|
|
$ |
134,210 |
|
|
$ |
109,040 |
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
$ |
25,827 |
|
|
$ |
27,480 |
|
|
$ |
31,567 |
|
|
$ |
21,834 |
|
|
$ |
21,885 |
|
|
Capitalized interest |
|
|
89 |
|
|
|
36 |
|
|
|
206 |
|
|
|
86 |
|
|
|
— |
|
|
Interest portion of rental expense |
|
|
1,506 |
|
|
|
1,410 |
|
|
|
1,517 |
|
|
|
1,332 |
|
|
|
1,191 |
|
|
Discount and debt expense amortization |
|
|
1,222 |
|
|
|
1,461 |
|
|
|
1,194 |
|
|
|
1,361 |
|
|
|
1,498 |
|
|
Total fixed charges |
|
$ |
28,644 |
|
|
$ |
30,387 |
|
|
$ |
34,484 |
|
|
$ |
24,613 |
|
|
$ |
24,574 |
|
|
Ratio of earnings to fixed charges |
|
|
5.1 |
|
|
|
1.2 |
|
|
|
1.8 |
|
|
|
5.5 |
|
|
|
4.4 |
|