PACCAR (PCAR) 10-Q2013 Q2 Quarterly report

Filed: 7 Aug 13, 12:00am

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New words: admitting, allocated, allocation, began, civil, classification, entered, extension, favor, finally, foot, Grossa, independent, inflow, life, network, onForm, penalty, Ponta, preceding, previously, proceeding, progressing, ratio, resolution, resolved, restatement, SeeLegal, settled, square, thousand, uneven

Removed: announced, Circuit, compensate, Court, decision, denied, formal, found, initiated, July, Kingdom, motion, notice, petition, reconsider, represented, requested, restructuring, ruled, stoppage, unanimously, work

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PACCAR Inc

EXHIBIT 12(a)

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

PURSUANT TO SEC REPORTING REQUIREMENTS

(Millions of Dollars)


Six Months Ended June 30	2013		2012
FIXED CHARGES
Interest expense	$	79.3	$	80.9
Portion of rentals deemed interest		2.5		1.2

TOTAL FIXED CHARGES	$	81.8	$	82.1

EARNINGS
Income before taxes	$	770.1	$	925.3
Fixed charges		78.7		78.3

EARNINGS AS DEFINED	$	848.8	$	1,003.6



RATIO OF EARNINGS TO FIXED CHARGES		10.38X		12.22X

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