Exhibit 12.1
DELPHI AUTOMOTIVE PLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year ended December 31, | |||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
(dollars in millions) | |||||||||||||||||||
Income from continuing operations before income taxes and equity income (1) | $ | 1,615 | $ | 1,466 | $ | 1,259 | $ | 1,351 | $ | 859 | |||||||||
Cash dividends received from non-consolidated affiliates and other (1) | (60 | ) | (38 | ) | 57 | (24 | ) | (3 | ) | ||||||||||
Portion of rentals deemed to be interest | 38 | 36 | 33 | 31 | 32 | ||||||||||||||
Interest and related charges on debt | 169 | 182 | 137 | 139 | 38 | ||||||||||||||
Earnings available for fixed charges | $ | 1,762 | $ | 1,646 | $ | 1,486 | $ | 1,497 | $ | 926 | |||||||||
Fixed charges: | |||||||||||||||||||
Portion of rentals deemed to be interest | $ | 38 | $ | 36 | $ | 33 | $ | 31 | $ | 32 | |||||||||
Interest and related charges on debt | 169 | 182 | 137 | 139 | 38 | ||||||||||||||
Total fixed charges | $ | 207 | $ | 218 | $ | 170 | $ | 170 | $ | 70 | |||||||||
Ratio of earnings to fixed charges | 8.5 | 7.6 | 8.7 | 8.8 | 13.2 |
(1) | Amounts have been retrospectively revised to reflect the reclassification of the Thermal Systems business as discontinued operations, as further described in Note 25. Discontinued Operations to the audited consolidated financial statements in Exhibit 99.4 attached to this Form 8-K. |
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