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Filing tables
Filing exhibits
- 10-K Annual report
- 10.21 Exhibit 10.21 Employment Letter from Terex Corp Signed by John Sheehan
- 12 Exhibit 12 Calculation of Ratio of Earnings to Fixed Charges
- 21.1 Exhibit 21.1 Subsidiaries of Terex Corp
- 23.1 Exhibit 23.1 Consent of Independant Registered Public Accounting Firm PWC
- 24.1 Exhibit 24.1 Power of Attorney
- 31.1 Exhibit 31.1 CEO Certification
- 31.2 Exhibit 31.2 CFO Certification
- 32 Exhibit 32 CEO and CFO Certfication
- Download Excel data file
- View Excel data file
Related press release
Associated TEX transcripts
TEX similar filings
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EXHIBIT 12
TEREX CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions)
Year Ended December 31, | ||||||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||||
EARNINGS | ||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 112.0 | $ | (270.7 | ) | $ | 195.7 | $ | 278.6 | $ | 284.2 | |||||||||||||
Adjustments: | ||||||||||||||||||||||||
Undistributed (income) loss of less than 50% owned investments | 0.1 | (0.4 | ) | 1.6 | 8.4 | 4.8 | ||||||||||||||||||
Fixed charges | 133.3 | 117.0 | 124.6 | 141.9 | 149.9 | |||||||||||||||||||
Earnings (loss) | $ | 245.4 | $ | (154.1 | ) | $ | 321.9 | $ | 428.9 | $ | 438.9 | |||||||||||||
FIXED CHARGES | ||||||||||||||||||||||||
Interest expense, including debt discount amortization | 63.3 | 96.6 | 102.8 | 115.3 | 120.1 | |||||||||||||||||||
Amortization of debt issuance costs | 4.2 | 5.4 | 5.3 | 7.4 | 8.5 | |||||||||||||||||||
Loss on early extinguishment of debt | 52.6 | 0.4 | 0.1 | 2.6 | 5.2 | |||||||||||||||||||
Portion of rental expense representative of interest factor (assumed to be 33%) | 13.2 | 14.6 | 16.4 | 16.6 | 16.1 | |||||||||||||||||||
Fixed charges | $ | 133.3 | $ | 117.0 | $ | 124.6 | $ | 141.9 | $ | 149.9 | ||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 1.8 | x | — | (1) | 2.6 | x | 3.0 | x | 2.9 | x | ||||||||||||||
AMOUNT OF EARNINGS DEFICIENCY FOR COVERAGE OF FIXED CHARGES | $ | — | $ | 271.1 | $ | — | $ | — | $ | — | ||||||||||||||
CALCULATION EXCLUDING LOSS ON EARLY EXTINGUISHMENT OF DEBT: | ||||||||||||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 2.4 | x | — | (1) | 2.6 | x | 3.1 | x | 3.0 | x | ||||||||||||||
AMOUNT OF EARNINGS DEFICIENCY FOR COVERAGE OF FIXED CHARGES | $ | — | $ | 271.1 | $ | — | $ | — | $ | — | ||||||||||||||
(1) less than 1.0x |