Exhibit 12.1
TRIMBLE INC.
RATIO OF EARNINGS TO FIXED CHARGES
| Fiscal Years | ||||||||||||||||||||
| (In millions, except ratios) | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | ||||||||||||||||||||
Pre-tax income from continuing operations before adjustment for income or loss from equity investees | $ | 229.6 | $ | 159.1 | $ | 133.9 | $ | 253.6 | $ | 232.2 | ||||||||||
Distributed income of equity investees | 18.1 | 17.6 | 20.0 | 32.2 | 7.7 | |||||||||||||||
Fixed charges | 33.4 | 32.1 | 31.3 | 24.5 | 23.5 | |||||||||||||||
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Total earnings | $ | 281.1 | $ | 208.8 | $ | 185.2 | $ | 310.3 | $ | 263.4 | ||||||||||
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Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 27.0 | $ | 25.9 | $ | 25.1 | $ | 18.1 | $ | 17.4 | ||||||||||
Amortization of debt issuance costs | 1.4 | 1.4 | 1.4 | 1.6 | 1.6 | |||||||||||||||
Interest component of rental expense | 5.0 | 4.8 | 4.8 | 4.8 | 4.5 | |||||||||||||||
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Total fixed charges | $ | 33.4 | $ | 32.1 | $ | 31.3 | $ | 24.5 | $ | 23.5 | ||||||||||
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Ratio of earnings to fixed charges | 8.4x | 6.5x | 5.9x | 12.7x | 11.2x | |||||||||||||||
