Free signup for more
- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
andRoyal, argued, Arnold, Central, comparison, conveniensdoctrine, dispositive, Donald, exceed, federal, forAIDAstella, insignificant, Legendleaving, matter, Moody, ofAIDAstella, pendency, plea, promotional, recover, reduced, resolve, Sandoval, source, Triumphvoyage, voluntarily
Removed:
complaint, direct, Exhibit, growth, increasing, ofCosta
Filing tables
Filing exhibits
Related press release
CUK similar filings
Filing view
External links
Exhibit 12
CARNIVAL CORPORATION & PLC
Ratio of Earnings to Fixed Charges
(in millions, except ratios)
Six Months Ended | ||||||||
May 31, | ||||||||
2013 | 2012 | |||||||
Net income (loss) | $ | 78 | $ | (125 | ) | |||
Income tax expense (benefit), net | 2 | (2 | ) | |||||
|
|
|
| |||||
Income (loss) before income taxes | 80 | (127 | ) | |||||
|
|
|
| |||||
Fixed charges | ||||||||
Interest expense, net | 161 | 175 | ||||||
Interest portion of rent expense (a) | 9 | 10 | ||||||
Capitalized interest | 7 | 11 | ||||||
|
|
|
| |||||
Total fixed charges | 177 | 196 | ||||||
|
|
|
| |||||
Fixed charges not affecting earnings | ||||||||
Capitalized interest | (7 | ) | (11 | ) | ||||
|
|
|
| |||||
Earnings before fixed charges | $ | 250 | $ | 58 | ||||
|
|
|
| |||||
Ratio of earnings to fixed charges | 1.4 | - | ||||||
|
|
|
| |||||
Coverage deficiency | - | 138 | ||||||
|
|
|
|
(a) | Represents one-third of rent expense, which we believe to be representative of the interest portion of rent expense. |