Free signup for more
- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
|
|
New words:
absolute, ago, AMT, antitrust, architecture, Automotiva, beta, Big, boosting, Bore, braking, breakeven, broaden, brokerage, Brookfield, buyer, cab, calibration, capture, cautiously, check, clearance, composed, consummate, consummated, consummation, cutaway, dampen, deemed, deliberately, DGCL, distinguish, DOD, driver, Edge, edit, expedient, expenditure, factory, faith, Fitch, flagship, Fleetrite, forma, gap, gathered, GmbH, hand, IG, Imputation, Inspector, IP, ISL, Jersey, JV, Lakeview, link, logistic, loyalty, magistrate, mediation, Medicaid, mentioned, MILCOT, mileage, misappropriated, moderate, moderated, moderately, Modernization, modest, morbidity, MV, NI, NRV, opposed, optimistic, passive, platooning, plead, Polar, preliminarily, proceed, profile, proforma, prolonged, question, Quick, Racketeer, ratably, relaunch, reman, restore, retrospective, reward, RH, RICO, salespeople, seventeen, Simplifying, slowly, software, subpart, subpoena, subscribed, Subtopic, taxation, track, treble, underperform, Unopposed, unspecified, valuable, vision, VW, watch, weak, Webpage
Removed:
accepting, accommodate, achievement, addressing, aggressively, Ambush, bay, benchmarking, Bison, Carolina, CAT, centralized, coach, CODM, collar, Comercial, comparative, concrete, constant, content, contributor, correcting, creating, dealership, decided, deductible, defaulted, deficiency, Deloitte, depreciated, derive, deterioration, discontinuation, discretion, dispose, diversification, diversified, document, DT, emphasize, Eric, existed, FIFO, formed, freeze, Garland, horizon, idle, idling, importation, incorrectly, India, ineffective, institution, integrating, internationally, investigative, isolated, led, Mahindra, Maker, Mine, minimized, MNAL, MNEPL, modifying, Monaco, moot, MRAP, noted, operator, originate, overhead, participating, pathway, persist, pose, postpone, PPT, predefined, pressure, prudent, put, recognizing, recover, recreational, refundable, refuse, reliable, repossession, Resistant, resource, restructured, retrofit, ROIC, rolling, RV, shape, SOFOM, solution, sound, specialty, stabilized, standing, substantive, swaption, Tech, tighter, tolerance, top, Touche, turbine, turmoil, unbuilt, unused, upgrading, verification, voluntarily, WCC
Filing tables
Filing exhibits
Related press release
NAV similar filings
Filing view
External links
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
The computation of Ratio of Earnings to Fixed Charges as shown on this Exhibit 12 is provided pursuant to Items 503(d) and 601(12) of Regulation S-K.
| (in millions) | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||
Loss from continuing operations before income taxes(A) | $ | (38 | ) | $ | (109 | ) | $ | (565 | ) | $ | (985 | ) | $ | (1,082 | ) | ||||
| Less: Net income attributable to non-controlling interests | (32 | ) | (33 | ) | (40 | ) | (54 | ) | (48 | ) | |||||||||
| Dividends from non-consolidated affiliates | 12 | 12 | 12 | 13 | 7 | ||||||||||||||
Interest expense(B) | 290 | 270 | 265 | 264 | 213 | ||||||||||||||
| Debt amortization expense | 37 | 37 | 49 | 57 | 46 | ||||||||||||||
Interest portion of rent expense(C) | 17 | 19 | 20 | 24 | 21 | ||||||||||||||
| Total earnings (loss) | $ | 286 | $ | 196 | $ | (259 | ) | $ | (681 | ) | $ | (843 | ) | ||||||
| Capitalized interest | $ | 3 | $ | 1 | $ | — | $ | 5 | $ | 9 | |||||||||
Interest expense(B) | 307 | 289 | 285 | 288 | 234 | ||||||||||||||
| Debt amortization expense | 37 | 37 | 49 | 57 | 46 | ||||||||||||||
| Total fixed charges | $ | 347 | $ | 327 | $ | 334 | $ | 350 | $ | 289 | |||||||||
| Ratio of earnings to fixed charges | 0.82 | 0.60 | — | — | — | ||||||||||||||
| Earnings shortfall | $ | (61 | ) | $ | (131 | ) | $ | (593 | ) | $ | (1,031 | ) | $ | (1,132 | ) | ||||
________________
(A) Excludes equity in income (loss) of non-consolidated affiliates.
| (B) | Excludes interest expense on income tax contingencies. |
| (C) | Represents an estimated amount of rental expense (33%) that is deemed to be representative of the interest factor. |
E-10