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
|
Filing tables
Filing exhibits
Related press release
CDK similar filings
Filing view
External links
Exhibit 12.1
CDK Global, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in millions)
Years Ended June 30, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings before income taxes | $ | 299.9 | $ | 353.3 | $ | 320.7 | $ | 256.4 | $ | 228.4 | |||||||||
Less: (income) loss from equity investees | (3.1 | ) | (0.6 | ) | 0.6 | 2.4 | 3.1 | ||||||||||||
Add: fixed charges | 43.7 | 12.3 | 10.0 | 9.5 | 8.1 | ||||||||||||||
Earnings before income taxes and fixed charges | $ | 340.5 | $ | 365.0 | $ | 331.3 | $ | 268.3 | $ | 239.6 | |||||||||
Interest expense | $ | 28.8 | $ | 1.0 | $ | 0.9 | $ | 1.0 | $ | 0.9 | |||||||||
Interest component of rental expense(1) | 14.9 | 11.3 | 9.1 | 8.5 | 7.2 | ||||||||||||||
Fixed charges | $ | 43.7 | $ | 12.3 | $ | 10.0 | $ | 9.5 | $ | 8.1 | |||||||||
Ratio of earnings to fixed charges | 7.79 | 29.67 | 33.13 | 28.24 | 29.58 |
(1) The interest component of rental expense is estimated to be one-third of rental expense.