Paccar Financial 10-K2015 FY Annual report

Filed: 19 Feb 16, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Bad

New words: Bayswater, Brazilian, Chillicothe, COE, denominated, Denton, Imputation, Issuance, largest, Mississippi, Ohio, order, par, Paran, proportion, refinance, rest, Simplifying, sooner, Subtopic, unchanged, Victoria

Removed: activity, casualty, center, construction, continued, converted, declared, duty, ending, expire, extension, fifty, forma, generated, hypothetical, improved, internally, investing, netting, obligation, occurred, OCI, percent, personal, pro, product, realized, reduction, refinancing, replacement, restricted, restructuring, satisfaction, set, short, Write

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Paccar Financial similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12(b)

PACCAR Financial Corp.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

PURSUANT TO THE SUPPORT AGREEMENT

BETWEEN THE COMPANY AND PACCAR

(Millions of Dollars)


	Year ended December 31
	2015		2014		2013		2012		2011
FIXED CHARGES
Interest expense	$	60.2	$	53.4	$	58.9	$	59.2	$	64.0
Facility and equipment rental		1.6		1.6		1.5		1.5		1.9


TOTAL FIXED CHARGES	$	61.8	$	55.0	$	60.4	$	60.7	$	65.9


EARNINGS
Income before income taxes	$	182.2	$	175.0	$	159.4	$	133.6	$	112.4
Depreciation		246.6		232.3		210.0		180.6		148.1

		428.8		407.3		369.4		314.2		260.5

FIXED CHARGES		61.8		55.0		60.4		60.7		65.9


EARNINGS AS DEFINED	$	490.6	$	462.3	$	429.8	$	374.9	$	326.4


RATIO OF EARNINGS TO FIXED CHARGES		7.94x		8.41x		7.12x		6.18x		4.95x

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.