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Content analysis
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New words:
ahead, declared, driven, duty, flooding, Germany, Hannover, heavy, heightened, IAA, insignificant, introduced, introduction, led, long, mix, powered, Queensland, salary, short, TDR, XF
Removed:
projected, size
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EXHIBIT 12(a)
PACCAR Inc
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO SEC REPORTING REQUIREMENTS
(Millions of Dollars)
Nine Months Ended September 30 | 2012 | 2011 | ||||||
FIXED CHARGES | ||||||||
Interest expense | $ | 121.9 | $ | 139.8 | ||||
Portion of rentals deemed interest | 3.4 | 3.6 | ||||||
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TOTAL FIXED CHARGES | $ | 125.3 | $ | 143.4 | ||||
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EARNINGS | ||||||||
Income before taxes | $ | 1,270.7 | $ | 1,034.2 | ||||
Fixed charges | 119.9 | 137.1 | ||||||
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EARNINGS AS DEFINED | $ | 1,390.6 | $ | 1,171.3 | ||||
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RATIO OF EARNINGS TO FIXED CHARGES | 11.10X | 8.17X | ||||||
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