EX-12.01 4 d622240dex1201.htm EX-12.01 EX-12.01

Exhibit 12.01

 

Computation of Ratio of Earnings to Fixed Charges

              

Amount in million dollars

              
     Year Ended July 31,  
     2018     2017     2016     2015     2014  

Earnings

          

Loss before income taxes

   $ (130.2   $ (194.1   $ (172.3   $ (121.9   $ (222.2

Fixed charges

     42.7       37.3       31.0       28.3       6.8  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings as defined

   $ (87.5   $ (156.8   $ (141.3   $ (93.6   $ (215.4
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

          

Interest expense

   $ 0.8     $ —       $ —       $ —       $ —    

Amortization of debt discounts and capitalized expenses related to indebtedness

     28.8       24.5       23.4       22.3       1.8  

Estimated interest component of rental expense (1)

     13.1       12.8       7.6       6.0       5.0  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges as defined

   $ 42.7     $ 37.3     $ 31.0     $ 28.3     $ 6.8  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     —         —         —         —         —    

Deficiency of earnings available to cover fixed charges

   $ 130.2     $ 194.1     $ 172.3     $ 121.9     $ 222.2  

 

(1)

One-third of rent expense is the portion deemed representative of the interest factor.