EX-12 3 d536765dex12.htm EX-12 EX-12

Exhibit 12

COLFAX CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in thousands)

 

     2017     2016     2015     2014     2013  

Earnings:

          

(Loss) income from continuing operations before income taxes

     (11,986     206,524       218,118       323,610       216,166  

Less: Net result from equity investees

     (3,090     (3,470     (6,688     (7,730     (4,694

Plus: fixed charges

     53,979       41,898       59,365       65,715       112,829  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings available to cover fixed charges

     38,903       244,952       270,795       381,595       324,301  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges:

          

Interest expense, including amortization of deferred financing costs

     41,137       30,276       47,502       53,818       102,328  

Interest portion of rental payment

     12,842       11,622       11,864       11,897       10,501  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

     53,979       41,898       59,366       65,715       112,829  

Dividends on preferred stock

     —         —         —         2,348       20,396  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges and dividends on preferred stock

     53,979       41,898       59,366       68,063       133,225  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     0.72       5.85       4.56       5.81       2.87  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges and dividends on preferred stock

     0.72       5.85       4.56       5.64       2.59