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- 10-Q Quarterly report
- 12.1 Ratio Computation
- 31.1 Certification of Chief Executive Officer Pursuant to Section 302(A)
- 31.2 Certification of Chief Financial Officer Pursuant to Section 302(A)
- 32.1 Certification of Chief Executive Officer Pursuant to 18 U.s.c.
- 32.2 Certification of Chief Financial Officer Pursuant to 18 U.s.c.
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Exhibit 12.1
D.R. HORTON, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended December 31, 2016 | For the Fiscal Year Ended September 30, | |||||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||||
($ in millions) | ||||||||||||||||||||||||
Consolidated income before income taxes | $ | 318.1 | $ | 1,353.5 | $ | 1,123.4 | $ | 814.2 | $ | 657.8 | $ | 242.9 | ||||||||||||
Amortization of capitalized interest | 34.7 | 169.1 | 159.7 | 124.4 | 110.9 | 94.1 | ||||||||||||||||||
Interest expensed | 1.5 | 6.2 | 5.6 | 4.8 | 11.7 | 31.5 | ||||||||||||||||||
Earnings | $ | 354.3 | $ | 1,528.8 | $ | 1,288.7 | $ | 943.4 | $ | 780.4 | $ | 368.5 | ||||||||||||
Interest incurred | $ | 35.0 | $ | 158.5 | $ | 174.8 | $ | 190.6 | $ | 177.3 | $ | 128.7 | ||||||||||||
Fixed charges | $ | 35.0 | $ | 158.5 | $ | 174.8 | $ | 190.6 | $ | 177.3 | $ | 128.7 | ||||||||||||
Ratio of earnings to fixed charges | 10.12 | 9.65 | 7.37 | 4.95 | 4.40 | 2.86 |