Attached files
file | filename |
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EX-32 - EXHIBIT 32 CEO AND CFO CERTIFICATION - TEREX CORP | tex9302018-ex32.htm |
EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - TEREX CORP | tex9302018-ex312.htm |
EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - TEREX CORP | tex9302018-ex311.htm |
10-Q - 10-Q 09.30.2018 - TEREX CORP | tex930201810-q.htm |
Exhibit 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2018 | 2017 | 2018 | 2017 | ||||||||||||
Earnings: | |||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 50.7 | $ | 56.7 | $ | 194.5 | $ | 86.6 | |||||||
Adjustments: | |||||||||||||||
Undistributed (income) loss of less than 50% owned investments | (0.1 | ) | (0.5 | ) | 0.3 | 0.2 | |||||||||
Fixed charges | 21.8 | 19.5 | 63.4 | 114.4 | |||||||||||
Earnings (loss) | $ | 72.4 | $ | 75.7 | $ | 258.2 | $ | 201.2 | |||||||
Fixed charges: | |||||||||||||||
Interest expense, including debt discount amortization | 17.5 | 14.5 | $ | 49.7 | $ | 48.7 | |||||||||
Amortization of debt issue cost | 1.0 | 1.0 | 3.0 | 3.3 | |||||||||||
Loss on early extinguishment of debt | — | 0.7 | 0.7 | 52.6 | |||||||||||
Portion of rental expense representative of interest factor (assumed to be 33%) | 3.3 | 3.3 | 10.0 | 9.8 | |||||||||||
Fixed charges | $ | 21.8 | $ | 19.5 | $ | 63.4 | $ | 114.4 | |||||||
Ratio of earnings to fixed charges | 3.3 | 3.9 | 4.1 | 1.8 | |||||||||||
Amount of earnings deficiency for coverage of fixed charges | $ | — | $ | — | $ | — | $ | — | |||||||
Calculation excluding loss on early extinguishment of debt: | |||||||||||||||
Ratio of earnings to fixed charges | 3.3 | 4.0 | 4.1 | 2.4 | |||||||||||
Amount of earnings deficiency for coverage of fixed charges | $ | — | $ | — | $ | — | $ | — |