EX-12.1 5 a2233734zex-12_1.htm EX-12.1

Exhibit 12.1

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Year ended March 31,

 

Six months ended September 30,

 

 

 

2013

 

2014

 

2015

 

2016

 

2017

 

2017

 

 

 

(in millions, except for ratio)

 

(in millions, except for ratio)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income tax and share of results of equity investees

 

10,112

 

26,802

 

32,326

 

81,468

 

60,029

 

41,081

 

Add: Fixed charges

 

1,746

 

2,085

 

2,287

 

2,195

 

3,079

 

1,649

 

Adjusted for distributed income of equity investees and interest capitalized

 

(14

)

(31

)

(30

)

(22

)

228

 

206

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Earnings

 

11,844

 

28,856

 

34,583

 

83,641

 

63,336

 

42,936

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and interest capitalized

 

1,675

 

2,033

 

2,210

 

2,084

 

2,879

 

1,549

 

Add: Estimated interest within rental expense

 

71

 

52

 

77

 

111

 

200

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Charges

 

1,746

 

2,085

 

2,287

 

2,195

 

3,079

 

1,649

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

6.8

 

13.8

 

15.1

 

38.1

 

20.6

 

26.0