Attached files
| file | filename |
|---|---|
| 10-K - 10-K - BROADRIDGE FINANCIAL SOLUTIONS, INC. | br-20180630xform10xk.htm |
| EX-32.2 - EXHIBIT 32.2 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | br20180630ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | br20180630ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | br20180630ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | br20180630ex311.htm |
| EX-23.1 - EXHIBIT 23.1 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | br20180630ex231.htm |
| EX-21 - EXHIBIT 21 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | br20180630ex21subsidiaryli.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
Fiscal Years Ended June 30, | |||||||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | |||||||||||||||
($ in millions) | |||||||||||||||||||
Earnings: | |||||||||||||||||||
Add: | |||||||||||||||||||
Earnings from continuing operations before income taxes | $ | 561.0 | $ | 488.1 | $ | 468.9 | $ | 438.9 | $ | 395.5 | |||||||||
Fixed charges | 59.2 | 61.4 | 41.1 | 37.6 | 36.5 | ||||||||||||||
Less: | |||||||||||||||||||
The minority interest in the pre-tax loss of subsidiaries that have not incurred fixed charges (1) | (2.7 | ) | (5.2 | ) | (5.1 | ) | (5.5 | ) | — | ||||||||||
Total | $ | 622.9 | $ | 554.7 | $ | 515.1 | $ | 482.0 | $ | 432.0 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 42.4 | $ | 44.7 | $ | 28.4 | $ | 25.4 | $ | 23.7 | |||||||||
Estimate of the interest within rental expense (2) | 16.8 | 16.8 | 12.7 | 12.2 | 12.8 | ||||||||||||||
Total | $ | 59.2 | $ | 61.4 | $ | 41.1 | $ | 37.6 | $ | 36.5 | |||||||||
Ratio of Earnings to Fixed Charges | 10.5 | 9.0 | 12.5 | 12.8 | 11.8 | ||||||||||||||
(1) | Represents the Company’s share of losses from its equity method investments. |
(2) | One-third of rental expense under operating leases is assumed to be the equivalent of interest. |