Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q 03.31.2018 - TEREX CORP | tex331201810-q.htm |
| EX-32 - EXHIBIT 32 CEO AND CFO CERTIFICATION - TEREX CORP | tex3312018-ex32.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - TEREX CORP | tex3312018-ex312.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - TEREX CORP | tex3312018-ex311.htm |
Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
Three Months Ended March 31, | |||||||||
2018 | 2017 | ||||||||
Earnings: | |||||||||
Income (loss) from continuing operations before income taxes | $ | 59.0 | $ | (88.6 | ) | ||||
Adjustments: | |||||||||
Undistributed (income) loss of less than 50% owned investments | 0.5 | 1.1 | |||||||
Fixed charges | 20.0 | 70.2 | |||||||
Earnings (loss) | $ | 79.5 | $ | (17.3 | ) | ||||
Fixed charges: | |||||||||
Interest expense, including debt discount amortization | $ | 15.0 | $ | 20.2 | |||||
Amortization of debt issue cost | 1.0 | 1.2 | |||||||
Loss on early extinguishment of debt | 0.7 | 45.4 | |||||||
Portion of rental expense representative of interest factor (assumed to be 33%) | 3.3 | 3.4 | |||||||
Fixed charges | $ | 20.0 | $ | 70.2 | |||||
Ratio of earnings to fixed charges | 4.0 | x | — | (1) | |||||
Amount of earnings deficiency for coverage of fixed charges | $ | — | $ | 87.5 | |||||
(1) less than 1.0x | |||||||||
Calculation excluding loss on early extinguishment of debt: | |||||||||
Ratio of earnings to fixed charges | 4.1 | x | — | (1) | |||||
Amount of earnings deficiency for coverage of fixed charges | $ | — | $ | 87.5 | |||||
(1) less than 1.0x | |||||||||