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PACCAR FINANCIAL CORP. - FORM 10-Q
EXHIBIT 12(b)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO THE SUPPORT AGREEMENT
BETWEEN THE COMPANY AND PACCAR
(Millions of Dollars)
| Six Months Ended June 30 | ||||||||
| 2013 | 2012 | |||||||
FIXED CHARGES | ||||||||
Interest expense | $ | 29.4 | $ | 28.8 | ||||
Facility and equipment rental | .7 | .9 | ||||||
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TOTAL FIXED CHARGES | $ | 30.1 | $ | 29.7 | ||||
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EARNINGS | ||||||||
Income before income taxes | $ | 72.7 | $ | 66.2 | ||||
Depreciation | 100.8 | 83.5 | ||||||
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| 173.5 | 149.7 | |||||||
FIXED CHARGES | 30.1 | 29.7 | ||||||
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EARNINGS AS DEFINED | $ | 203.6 | $ | 179.4 | ||||
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RATIO OF EARNINGS TO FIXED CHARGES | 6.76X | 6.04X | ||||||
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