Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - TIFFANY & CO | tif-exhibit322x4302018.htm |
| EX-32.1 - EXHIBIT 32.1 - TIFFANY & CO | tif-exhibit321x4302018.htm |
| EX-31.2 - EXHIBIT 31.2 - TIFFANY & CO | tif-exhibit312x4302018.htm |
| EX-31.1 - EXHIBIT 31.1 - TIFFANY & CO | tif-exhibit311x4302018.htm |
| EX-10.13 - EXHIBIT 10.13 - TIFFANY & CO | tif-exhibit1013x4302018.htm |
| 10-Q - 10-Q - TIFFANY & CO | tif-2018430x10q.htm |
Exhibit 12.1
TIFFANY & CO.
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended April 30, | ||||||
(dollars in millions) | 2018 | 2017 | ||||
Earnings from operations before income taxes | $ | 190.5 | $ | 136.1 | ||
Fixed charges, less capitalized interest | 32.7 | 31.0 | ||||
Total earnings as defined | $ | 223.2 | $ | 167.1 | ||
Fixed Charges: | ||||||
Interest expense before capitalization of interest a | $ | 9.1 | $ | 9.9 | ||
Estimated interest portion of rent expense | 23.8 | 21.2 | ||||
Total fixed charges b | $ | 32.9 | $ | 31.1 | ||
Ratio of Earnings to Fixed Charges | 6.8 | x | 5.4 | x | ||
a | Interest expense does not include interest related to uncertain tax positions and other non-third party indebtedness. |
b | Fixed charges represent interest expense (before interest is capitalized), amortization of deferred financing costs and an appropriate interest factor on operating leases. |