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- 10-K Annual report
- 10.10 Exhibit 10.10(B)
- 10.10 Exhibit 10.10(C)
- 10.10 Exhibit 10.10(I)
- 10.7 Exhibit 10.7(C)
- 12.1 Exhibit 12.1
- 13 Exhibit 13
- 21 Exhibit 21
- 23.1 Exhibit 23.1
- 24 Exhibit 24
- 31.1 Exhibit 31.1
- 31.2 Exhibit 31.2
- 32.1 Exhibit 32.1
- 32.2 Exhibit 32.2
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Exhibit 12.1
STATEMENT REGARDING COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
MANPOWERGROUP INC.
(in millions)
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Earnings before income taxes | $ | 660.7 | $ | 681.6 | $ | 475.5 | $ | 368.4 | $ | 479.9 | ||||||||||
Fixed charges | 118.4 | 133.6 | 159.7 | 165.1 | 170.2 | |||||||||||||||
$ | 779.1 | $ | 815.2 | $ | 635.2 | $ | 533.5 | $ | 650.1 | |||||||||||
Fixed charges: | ||||||||||||||||||||
Interest (expensed or capitalized) | $ | 38.6 | $ | 35.1 | $ | 43.2 | $ | 42.5 | $ | 43.1 | ||||||||||
Estimated interest portion of rent expense | 79.8 | 98.5 | 116.5 | 122.6 | 127.1 | |||||||||||||||
$ | 118.4 | $ | 133.6 | $ | 159.7 | $ | 165.1 | $ | 170.2 | |||||||||||
Ratio of earnings to fixed charges | 6.6 | 6.1 | 4.0 | 3.2 | 3.8 |
Note: | The calculation of ratio of earnings to fixed charges set forth above is in accordance with Regulation S-K, Item 601(b)(12). This calculation is different than the fixed charge ratio that is required by our various borrowing facilities. |