EX-12 3 rpm-ex12_9.htm EX-12 rpm-ex12_9.htm

 

Exhibit 12

RPM

RATIO OF EARNINGS TO FIXED CHARGES

Periods Ended May 31, 2013 through May 31, 2018

 

 

 

Year Ended May 31,

 

 

2018

 

2017

 

2016

 

2015

 

2014

 

2013

Ratio of Earnings to Fixed Charges 1

 

4.31 

 

3.08 

 

5.36 

 

5.29 

 

5.34 

 

2.86 

 

1  Calculated as follows

 

 

(income before income taxes)

+ (fixed charges)

 

 

 

 

 

 

 

 

(fixed charges)

 

 

 

 

Fixed charges consist of interest expense, amortized expenses related to debt and an estimate of the interest portion of rental expense.

 

 

 

Year Ended May 31,

(All numbers in thousands)

 

2018

 

2017

 

2016

 

2015

 

2014

 

2013

Income before income tax

 

417,048

 

244,333

 

483,466 

 

453,253 

 

424,487 

 

176,891 

Fixed charges

 

125,979

 

117,387

 

110,851 

 

105,549 

 

97,918 

 

95,346 

Total

 

543,027

 

361,720

 

594,317 

 

558,802 

 

522,405 

 

272,237