EX-12.1 4 dlph2015ex121.htm EXHIBIT 12.1 Exhibit

Exhibit 12.1
DELPHI AUTOMOTIVE PLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
Year ended December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
 
(dollars in millions)
Income from continuing operations before income taxes and equity income
$
1,508

 
$
1,615

 
$
1,466

 
$
1,259

 
$
1,351

Cash dividends received from non-consolidated affiliates and other
(56
)
 
(60
)
 
(38
)
 
57

 
(24
)
Portion of rentals deemed to be interest
34

 
38

 
36

 
33

 
31

Interest and related charges on debt
185

 
169

 
182

 
137

 
139

Earnings available for fixed charges
$
1,671

 
$
1,762

 
$
1,646

 
$
1,486

 
$
1,497

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
Portion of rentals deemed to be interest
$
34

 
$
38

 
$
36

 
$
33

 
$
31

Interest and related charges on debt
185

 
169

 
182

 
137

 
139

Total fixed charges
$
219

 
$
207

 
$
218

 
$
170

 
$
170

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
7.6

 
8.5

 
7.6

 
8.7

 
8.8