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adverse, bring, connection, damage, equity, good, implementation, infringement, notification, outcome, previously, reaching, Regulatory, relief, resolve, reversed, slower
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anticompetitive, commenced, convert, cooperating, effectively, expressed, impose, preliminary, procedural, seek, step, view
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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 | ||||||||
2016 | 2015 | |||||||
FIXED CHARGES | ||||||||
Interest expense | $ | 36.4 | $ | 28.6 | ||||
Facility and equipment rental | .8 | .7 | ||||||
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TOTAL FIXED CHARGES | $ | 37.2 | $ | 29.3 | ||||
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EARNINGS | ||||||||
Income before income taxes | $ | 72.2 | $ | 90.9 | ||||
Depreciation | 133.6 | 119.4 | ||||||
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205.8 | 210.3 | |||||||
FIXED CHARGES | 37.2 | 29.3 | ||||||
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EARNINGS AS DEFINED | $ | 243.0 | $ | 239.6 | ||||
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RATIO OF EARNINGS TO FIXED CHARGES | 6.53X | 8.18X | ||||||
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