Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - TIMKEN CO | tkr10-q63018.htm |
| EX-32 - EXHIBIT 32 - TIMKEN CO | tkr63018exhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - TIMKEN CO | tkr63018exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - TIMKEN CO | tkr63018exhibit311.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)
Six Months Ended June 30, | Twelve Months Ended, December 31, | |||||||||||||||||||||
2018 | 2017 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Income from continuing operations before income taxes | $ | 230.9 | $ | 127.5 | $ | 259.9 | $ | 201.6 | $ | 217.7 | $ | 121.4 | $ | 692.1 | ||||||||
Share of undistributed (income) loss from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt | (0.3 | ) | (0.4 | ) | (0.8 | ) | (0.9 | ) | (0.8 | ) | (0.6 | ) | (0.4 | ) | ||||||||
Amortization of capitalized interest | 0.1 | 0.3 | 0.4 | 0.6 | 0.6 | 0.9 | (1.3 | ) | ||||||||||||||
Interest expense | 20.7 | 16.4 | 37.1 | 33.5 | 33.4 | 28.7 | 24.4 | |||||||||||||||
Interest portion of rental expense | 2.2 | 2.2 | 4.4 | 4.8 | 4.8 | 5.2 | 8.0 | |||||||||||||||
Earnings | $ | 253.6 | $ | 146.0 | $ | 301.0 | $ | 239.6 | $ | 255.7 | $ | 155.6 | $ | 722.8 | ||||||||
Interest | 20.9 | 16.7 | 37.8 | 34.6 | 33.4 | 30.4 | 37.1 | |||||||||||||||
Interest portion of rental expense | 2.2 | 2.2 | 4.4 | 4.8 | 4.8 | 5.2 | 8.0 | |||||||||||||||
Fixed Charges | $ | 23.1 | $ | 18.9 | $ | 42.2 | $ | 39.4 | $ | 38.2 | $ | 35.6 | $ | 45.1 | ||||||||
Ratio of Earnings to Fixed Charges | 10.98 | 7.72 | 7.13 | 6.08 | 6.69 | 4.37 | 16.03 | |||||||||||||||