EX-12 5 egl-ex12_595.htm EX-12 egl-ex12_595.htm

Exhibit 12

Engility Holdings, Inc.

Computation of Ratio of Earnings to Fixed Charges (unaudited)

(Thousands of dollars)

 

 

 

 

Years Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes

 

$

(8,799

)

 

$

(298,306

)

 

$

70,647

 

 

$

87,301

 

 

$

(339,639

)

Add: total fixed charges

 

 

139,606

 

 

 

128,215

 

 

 

21,050

 

 

 

29,152

 

 

 

18,518

 

Earnings before provision for taxes and fixed charges

 

$

130,807

 

 

$

(170,091

)

 

$

91,697

 

 

$

116,453

 

 

$

(321,121

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and expense on indebtedness, including

   capitalized interest

 

$

126,637

 

 

$

110,262

 

 

$

13,121

 

 

$

21,801

 

 

$

10,857

 

Interest portion of rentals (a)

 

 

12,969

 

 

 

17,953

 

 

 

7,929

 

 

 

7,351

 

 

 

7,661

 

Total fixed charges

 

$

139,606

 

 

$

128,215

 

 

$

21,050

 

 

$

29,152

 

 

$

18,518

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges (b)

 

 

-

 

 

 

-

 

 

 

4.4

 

 

 

4.0

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Calculated as one-third of rentals.  Considered a reasonable approximation of interest factor

 

(b) In 2016, 2015 and 2012, we incurred losses from operations primarily related to goodwill impairments,

      and as a result, our earnings were insufficient to cover our fixed charges by $8.8 million, $298.3 million

      and $339.6 million, respectively.