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S-3ASR Filing
The Scotts Miracle-Gro Company (SMG) S-3ASRAutomatic shelf registration
Filed: 15 Dec 15, 12:00am
($ IN MILLIONS) | Fiscal Year Ended September 30, | |||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||
Income from continuing operations before income taxes | $ | 244.1 | $ | 256.6 | $ | 251.3 | $ | 179.4 | $ | 249.6 | ||||
Fixed charges | 76.4 | 67.1 | 80.6 | 85.7 | 77.2 | |||||||||
Other (1) | 0.6 | (5.2) | 1.0 | 0.5 | 0.5 | |||||||||
Interest capitalized | (0.4) | (0.4) | (0.8) | (0.9) | (0.90) | |||||||||
Total adjusted earnings available for payment of fixed charges | $ | 320.7 | $ | 318.1 | $ | 332.1 | $ | 264.7 | $ | 326.4 | ||||
Fixed Charges: | ||||||||||||||
Interest expense (2) | $ | 50.5 | $ | 47.3 | $ | 59.2 | $ | 61.8 | $ | 53.9 | ||||
Interest capitalized | 0.4 | 0.4 | 0.8 | 0.9 | 0.9 | |||||||||
Rental expense representative of interest factor | 25.5 | 19.4 | 20.6 | 23.0 | 22.4 | |||||||||
Total Fixed Charges | $ | 76.4 | $ | 67.1 | $ | 80.6 | $ | 85.7 | $ | 77.2 | ||||
Ratio of Earnings to Fixed Charges | 4.2 | 4.7 | 4.1 | 3.1 | 4.2 |
(1) | Includes amortization of capitalized interest, adjustments for non-controlling interests in consolidated subsidiaries and distributed earnings of equity investees. Interest expense recorded on tax exposures has been recorded in income tax expense and has therefore been excluded from the calculation. |
(2) | Includes amortization of deferred financing and issuance costs related to indebtedness. |