- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
Exhibit 7.1
Exhibit 7.1 Ratio of earnings to fixed charges
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Millions of Euros) |
| Year end December 31, |
| ||||||||||||||||||||||
|
| 2017 |
| 2016 |
| 2015 |
| 2014 |
| 2013 |
| 2012 |
| ||||||||||||
IFRS: |
| Including |
| Excluding |
| Including |
| Excluding |
| Including |
| Excluding |
| Including |
| Excluding |
| Including |
| Excluding |
| Including |
| Excluding |
|
FIXED CHARGES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges and preferred stock dividends |
| 21,547 |
| 10,069 |
| 23,832 |
| 12,106 |
| 24,123 |
| 12,360 |
| 24,799 |
| 11,953 |
| 25,162 |
| 10,499 |
| 28,466 |
| 11,903 |
|
Preferred dividends |
| 65 |
| 65 |
| 52 |
| 52 |
| 103 |
| 103 |
| 126 |
| 126 |
| 112 |
| 112 |
| 132 |
| 132 |
|
Fixed charges |
| 21,482 |
| 10,004 |
| 23,780 |
| 12,054 |
| 24,020 |
| 12,257 |
| 24,673 |
| 11,827 |
| 25,050 |
| 10,387 |
| 28,334 |
| 11,771 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations before taxes and extraordinary items |
| 12,089 |
| 12,089 |
| 10,768 |
| 10,768 |
| 9,547 |
| 9,547 |
| 10,679 |
| 10,679 |
| 7,378 |
| 7,378 |
| 3,565 |
| 3,565 |
|
Less: Earnings from associated companies |
| 328 |
| 328 |
| 139 |
| 139 |
| 148 |
| 148 |
| 65 |
| 65 |
| 197 |
| 197 |
| 427 |
| 427 |
|
Fixed charges |
| 21,482 |
| 10,004 |
| 23,780 |
| 12,054 |
| 24,020 |
| 12,257 |
| 24,673 |
| 11,827 |
| 25,050 |
| 10,387 |
| 28,334 |
| 11,771 |
|
Total earnings |
| 33,243 |
| 21,764 |
| 34,409 |
| 22,682 |
| 33,419 |
| 21,656 |
| 35,287 |
| 22,441 |
| 32,231 |
| 17,568 |
| 31,472 |
| 14,909 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges |
| 1.55 |
| 2.18 |
| 1.45 |
| 1.88 |
| 1.39 |
| 1.77 |
| 1.43 |
| 1.90 |
| 1.29 |
| 1.69 |
| 1.11 |
| 1.27 |
|
Ratio of earnings to combined fixed charges and preferred stock dividends |
| 1.54 |
| 2.16 |
| 1.44 |
| 1.87 |
| 1.39 |
| 1.75 |
| 1.42 |
| 1.88 |
| 1.28 |
| 1.67 |
| 1.11 |
| 1.25 |
|