Exhibit 99.4
Unaudited Pro Forma Computation of Ratios of | ||||||
Earnings to Fixed Charges | ||||||
(In thousands) | ||||||
Six months ended | Twelve months ended | |||||
November 30, 2016 | May 31, 2016 | |||||
Net income before income taxes * | $ | 371,201 | $ | 694,909 | ||
Capitalized interest | 1,900 | 1,100 | ||||
Fixed charges | 70,743 | 148,196 | ||||
Earnings | $ | 443,844 | $ | 844,205 | ||
Six months ended | Twelve months ended | |||||
November 30, 2016 | May 31, 2016 | |||||
Fixed charges: | ||||||
Interest component of rent expense | $ | 2,764 | $ | 5,294 | ||
Interest expense | 66,079 | 141,802 | ||||
Capitalized interest | 1,900 | 1,100 | ||||
$ | 70,743 | $ | 148,196 | |||
Ratio of earnings to fixed charges | 6.3 | 5.7 | ||||
* - represents continuing operations |
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