RR Donnelley & Sons (RRD) 10-K2015 FY Annual report

Filed: 25 Feb 16, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: advice, alter, binding, Brazilian, Bulletin, Classification, cliff, Cloud, Codification, coincide, concentration, consummate, Consummated, consummation, CreditWatch, de, decide, diversification, divert, effort, exacerbated, Excessive, Expedient, factual, inaccurate, incorrect, jeopardize, letter, LSC, lump, Mexican, precise, Prepaid, pretax, principle, prospectively, realignment, receipt, refinancing, rely, resign, risky, SIMADI, smaller, spin, spinoff, standalone, surcharge, tailored, Technical, tender, timeline, today, treated, treatment, Undistributed

Removed: abroad, ad, amortizable, attrition, authorization, Bolivar, broaden, budget, catalog, ceased, circulation, consisting, constant, correct, curtailment, devaluing, earning, edgar, enterprise, erosion, European, export, facilitate, felt, focusing, freeze, Helium, highest, hoard, incorporating, mailing, matching, Meisel, modest, monthly, noted, outbound, pharmaceutical, Photographic, Presort, presorting, reallocated, rebate, remained, Roth, scale, specialty, suspended, treasury, understated, unissued, vision, visual, weighting, XPO

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

RRD similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12

RR Donnelley & Sons Company

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except ratios)

	Years ended December 31,
	2015			2014		2013		2012			2011
Earnings available for fixed charges:
Earnings (loss) from continuing operations before income taxes and noncontrolling interests	$	267.8		$	147.1	$	209.0	$	(640.0	)	$	(237.4	)
Less: Equity (loss) income of minority-owned companies included in earnings (loss) from continuing operations before income taxes and noncontrolling interests		0.2			0.4		0.1		0.2			(1.1	)
Less: (Loss) income attributable to noncontrolling interests		(12.7	)		3.4		7.0		(2.2	)		1.5
Add: Fixed charges before capitalized interest		338.6			342.4		322.2		314.4			307.4
Add: Amortization of capitalized interest		3.5			3.2		3.4		3.4			3.5
Total earnings available for fixed charges	$	622.4		$	488.9	$	527.5	$	(320.2	)	$	73.1
Fixed charges:
Interest expense	$	281.3		$	291.0	$	272.9	$	267.0		$	257.0
Interest portion of rental expense		57.3			51.4		49.3		47.4			50.4
Total fixed charges before capitalized interest		338.6			342.4		322.2		314.4			307.4
Capitalized interest		3.9			3.6		3.1		4.1			2.9
Total fixed charges	$	342.5		$	346.0	$	325.3	$	318.5		$	310.3
Ratio of earnings to fixed charges (a)		1.82			1.41		1.62		(1.01	)		0.24

(a)	In 2012 and 2011 earnings (loss) were inadequate to cover fixed charges by $638.7 million and $237.2 million, respectively, due to certain charges in each year.