Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - MASTEC INC | mtz3311810-q.htm |
| EX-32.2 - EXHIBIT 32.2 - MASTEC INC | mtz3311810-qex322.htm |
| EX-32.1 - EXHIBIT 32.1 - MASTEC INC | mtz3311810-qex321.htm |
| EX-31.2 - EXHIBIT 31.2 - MASTEC INC | mtz3311810-qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - MASTEC INC | mtz3311810-qex311.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollar amounts in thousands)
For the Three Months Ended March 31 | |||||||
2018 | 2017 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 37,589 | $ | 67,985 | |||
Add: Fixed charges | 56,751 | 39,681 | |||||
Add: Distributions of / (subtract) undistributed earnings from equity method investments, net | 108 | (1,646 | ) | ||||
Total earnings | $ | 94,448 | $ | 106,020 | |||
Fixed charges: | |||||||
Interest expense | $ | 17,196 | $ | 12,777 | |||
Estimate of interest expense within rental expense | 39,555 | 26,904 | |||||
Total fixed charges | $ | 56,751 | $ | 39,681 | |||
Ratio of earnings to fixed charges | 1.7 | 2.7 | |||||