Exhibit 12
COLFAX CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
(Loss) income from continuing operations before income taxes | (11,986 | ) | 206,524 | 218,118 | 323,610 | 216,166 | ||||||||||||||
Less: Net result from equity investees | (3,090 | ) | (3,470 | ) | (6,688 | ) | (7,730 | ) | (4,694 | ) | ||||||||||
Plus: fixed charges | 53,979 | 41,898 | 59,365 | 65,715 | 112,829 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Earnings available to cover fixed charges | 38,903 | 244,952 | 270,795 | 381,595 | 324,301 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense, including amortization of deferred financing costs | 41,137 | 30,276 | 47,502 | 53,818 | 102,328 | |||||||||||||||
Interest portion of rental payment | 12,842 | 11,622 | 11,864 | 11,897 | 10,501 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total fixed charges | 53,979 | 41,898 | 59,366 | 65,715 | 112,829 | |||||||||||||||
Dividends on preferred stock | — | — | — | 2,348 | 20,396 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total fixed charges and dividends on preferred stock | 53,979 | 41,898 | 59,366 | 68,063 | 133,225 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio of earnings to fixed charges | 0.72 | 5.85 | 4.56 | 5.81 | 2.87 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio of earnings to fixed charges and dividends on preferred stock | 0.72 | 5.85 | 4.56 | 5.64 | 2.59 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|