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New words:
certify, claim, diversity, earliest, impracticable, October, petition, practicable
Removed:
competition, Deutschland, forward, GmbH, investigation, parent, Union
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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)
Nine Months Ended September 30 | ||||||||
2016 | 2015 | |||||||
FIXED CHARGES | ||||||||
Interest expense | $ | 56.2 | $ | 43.9 | ||||
Facility and equipment rental | 1.2 | 1.2 | ||||||
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TOTAL FIXED CHARGES | $ | 57.4 | $ | 45.1 | ||||
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EARNINGS | ||||||||
Income before income taxes | $ | 103.6 | $ | 137.8 | ||||
Depreciation | 205.5 | 182.7 | ||||||
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309.1 | 320.5 | |||||||
FIXED CHARGES | 57.4 | 45.1 | ||||||
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EARNINGS AS DEFINED | $ | 366.5 | $ | 365.6 | ||||
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RATIO OF EARNINGS TO FIXED CHARGES | 6.39X | 8.11X | ||||||
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