Exhibit 12.1
STATEMENT REGARDING COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
MANPOWERGROUP INC.
(in millions)
|
| | | | | | | | | | | | | | | | | | | | |
| | | 2016 | | 2015 | | 2014 | | 2013 | | 2012 |
| Earnings: | | | | | | | | | | |
| Earnings before income taxes | | $ | 701.3 |
| | $ | 660.7 |
| | $ | 681.6 |
| | $ | 475.5 |
| | $ | 368.4 |
|
| Fixed charges | | 93.0 |
| | 118.4 |
| | 133.6 |
| | 159.7 |
| | 165.1 |
|
| | | $ | 794.3 |
| | $ | 779.1 |
| | $ | 815.2 |
| | $ | 635.2 |
| | $ | 533.5 |
|
| Fixed charges: | | |
| | |
| | |
| | |
| | |
|
| Interest (expensed or capitalized) | | $ | 38.1 |
| | $ | 38.6 |
| | $ | 35.1 |
| | $ | 43.2 |
| | $ | 42.5 |
|
| Estimated interest portion of rent expense | | 54.9 |
| | 79.8 |
| | 98.5 |
| | 116.5 |
| | 122.6 |
|
| | | $ | 93.0 |
| | $ | 118.4 |
| | $ | 133.6 |
| | $ | 159.7 |
| | $ | 165.1 |
|
| Ratio of earnings to fixed charges | | 8.5 |
| | 6.6 |
| | 6.1 |
| | 4.0 |
| | 3.2 |
|
| |
| 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. |
