Exhibit No. 12
RPM
RATIO OF EARNINGS TO FIXED CHARGES
Periods Ended May 31, 2013 through May 31, 2017 and February 28, 2018
|
|
|
| Nine Months Ended |
|
| Year Ended May 31, |
| |||||||||||||||||||
|
|
|
|
| February 28, 2018 |
|
| 2017 |
|
| 2016 |
|
| 2015 |
|
| 2014 |
|
| 2013 |
| ||||||
Ratio of Earnings to Fixed Charges 1 |
|
| 4.06 |
|
|
| 3.08 |
|
|
| 5.36 |
|
|
| 5.29 |
|
|
| 5.34 |
|
|
| 2.86 |
| |||
1 Calculated as follows: |
| (income before income taxes) + (fixed charges) |
| (fixed charges) |
Fixed charges consist of interest expense, amortized expenses related to debt and an estimate of the interest portion of rental expense.
|
|
|
| Nine Months Ended |
|
| Year Ended May 31, |
| |||||||||||||||||||
(All numbers in thousands) |
| February 28, 2018 |
|
| 2017 |
|
| 2016 |
|
| 2015 |
|
| 2014 |
|
| 2013 |
| |||||||||
Income before income tax |
|
| 299,163 |
|
|
| 244,333 |
|
|
| 483,466 |
|
|
| 453,253 |
|
|
| 424,487 |
|
|
| 176,891 |
| |||
Fixed charges |
|
| 97,633 |
|
|
| 117,387 |
|
|
| 110,851 |
|
|
| 105,549 |
|
|
| 97,918 |
|
|
| 95,346 |
| |||
Total |
|
| 396,796 |
|
|
| 361,720 |
|
|
| 594,317 |
|
|
| 558,802 |
|
|
| 522,405 |
|
|
| 272,237 |
| |||
