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- S-4 Registration of securities issued in business combination transactions
- 3.10 EX-3.10
- 3.11 EX-3.11
- 3.12 EX-3.12
- 3.13 EX-3.13
- 3.14 EX-3.14
- 3.15 EX-3.15
- 3.16 EX-3.16
- 3.17 EX-3.17
- 3.18 EX-3.18
- 3.19 EX-3.19
- 3.20 EX-3.20
- 3.21 EX-3.21
- 3.22 EX-3.22
- 3.23 EX-3.23
- 3.24 EX-3.24
- 3.25 EX-3.25
- 3.26 EX-3.26
- 3.27 EX-3.27
- 3.36 EX-3.36
- 3.37 EX-3.37
- 3.44 EX-3.44
- 3.45 EX-3.45
- 3.46 EX-3.46
- 3.47 EX-3.47
- 3.50 EX-3.50
- 3.51 EX-3.51
- 3.52 EX-3.52
- 3.53 EX-3.53
- 3.54 EX-3.54
- 3.55 EX-3.55
- 3.82 EX-3.82
- 3.83 EX-3.83
- 4.3 EX-4.3
- 4.4 EX-4.4
- 5.1 EX-5.1
- 5.2 EX-5.2
- 5.3 EX-5.3
- 5.4 EX-5.4
- 5.5 EX-5.5
- 5.6 EX-5.6
- 5.7 EX-5.7
- 5.8 EX-5.8
- 5.9 EX-5.9
- 5.10 EX-5.10
- 5.11 EX-5.11
- 5.12 EX-5.12
- 12.1 EX-12.1
- 21.1 EX-21.1
- 23.1 EX-23.1
- 23.2 EX-23.2
- 25.1 EX-25.1
- 99.1 EX-99.1
- 99.2 EX-99.2
- 99.3 EX-99.3
- 99.4 EX-99.4
Exhibit 12.1
AECOM
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
|
| Year Ended |
| Six Months Ended |
| |||||||||||||||||
|
| September |
| September |
| September |
| September |
| September |
|
|
| |||||||||
|
| 30, |
| 30, |
| 30, |
| 30, |
| 30, |
| March 31, |
| March |
| |||||||
|
| (In millions, except for ratio) |
| |||||||||||||||||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Income from operations |
| $ | 257 |
| $ | 312 |
| $ | (31 | ) | $ | 339 |
| $ | 320 |
| $ | (234 | ) | $ | 94 |
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Fixed charges |
| 90 |
| 92 |
| 94 |
| 100 |
| 59 |
| 305 |
| 45 |
| |||||||
Amortization of capitalized interest |
| 2 |
| 2 |
| 2 |
| 2 |
| 1 |
| 16 |
| 1 |
| |||||||
Distributed income of equity investees |
| 24 |
| 31 |
| 26 |
| 37 |
| 8 |
| 73 |
| 15 |
| |||||||
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Capitalized interest |
| 7 |
| 2 |
| — |
| 7 |
| 6 |
| 85 |
| 3 |
| |||||||
Noncontrolling interest |
| (3 | ) | (4 | ) | (2 | ) | (8 | ) | (12 | ) | (41 | ) | (2 | ) | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Total Earnings |
| $ | 369 |
| $ | 439 |
| $ | 93 |
| $ | 479 |
| $ | 394 |
| $ | 116 |
| $ | 154 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Interest expense |
| 41 |
| $ | 45 |
| $ | 47 |
| $ | 42 |
| $ | 11 |
| 179 |
| 21 |
| |||
Capitalized interest |
| 7 |
| 2 |
| — |
| 7 |
| 6 |
| 85 |
| 3 |
| |||||||
Interest component of rent expense |
| 42 |
| 45 |
| 47 |
| 51 |
| 42 |
| 41 |
| 21 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Total fixed charges |
| $ | 90 |
| $ | 92 |
| $ | 94 |
| $ | 100 |
| $ | 59 |
| $ | 305 |
| $ | 45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Consolidated ratio of earnings to fixed charges |
| 4.1 |
| 4.8 |
| 1.0 |
| 4.8 |
| 6.7 |
| n/a |
| 3.4 |
|
(1) Earnings for the six months ended March 31, 2015 were inadequate to cover fixed charges primarily due to acquisition and integration expenses and the corresponding interest related to the acquisition of URS Corporation. The coverage deficiency was approximately $189 million.