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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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Exhibit 12.1
ESTERLINE TECHNOLOGIES CORPORATION
(In thousands)
Statement of Computation of Ratio of Earnings to Fixed Charges
| 2014 |
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| 2013 |
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| 2012 |
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| 2011 |
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| 2010 |
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Earnings from Continuing Operations Before Income Taxes | $ | 210,834 |
|
| $ | 206,615 |
|
| $ | 142,010 |
|
| $ | 162,790 |
|
| $ | 147,781 |
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Fixed Charges 1 |
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Interest expense |
| 33,010 |
|
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| 39,638 |
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| 46,227 |
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| 40,633 |
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| 34,024 |
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Interest included in rental expense |
| 6,059 |
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| 5,680 |
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| 5,583 |
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| 4,841 |
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| 4,420 |
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Total Fixed Charges |
| 39,069 |
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| 45,318 |
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| 51,810 |
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| 45,474 |
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| 38,444 |
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Earnings 2 | $ | 249,903 |
|
| $ | 251,933 |
|
| $ | 193,820 |
|
| $ | 208,264 |
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| $ | 186,225 |
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Ratio of earnings available to cover fixed charges | 6.4 |
|
| 5.6 |
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| 3.7 |
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| 4.6 |
|
| 4.8 |
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1 | Fixed charges consist of interest on indebtedness and amortization of debt issuance cost plus that portion of lease rental expense representative of the interest factor. |
2 | Earnings consist of earnings from continuing operations before income taxes plus fixed charges. |