EX-12.1 28 a2232088zex-12_1.htm EX-12.1

Exhibit 12.1

 

COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

 

 

Six Months Ended

 

Fiscal Year Ended

 

 

 

31-Mar-17

 

31-Mar-16

 

30-Sep-16

 

30-Sep-15

 

30-Sep-14

 

30-Sep-13

 

30-Sep-12

 

 

 

(In millions, except for ratio)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated ratio of earnings to fixed charges

 

1.9

 

1.4

 

1.4

 

0.5

 

4.0

 

4.7

 

0.947

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from operations

 

128

 

13

 

22

 

(258

)

257

 

312

 

(31

)

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

154

 

161

 

345

 

467

 

90

 

92

 

94

 

Amortization of capitalized interest

 

11

 

8

 

31

 

24

 

2

 

2

 

2

 

Distributed income of equity investees

 

40

 

83

 

149

 

158

 

24

 

31

 

26

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalized interest

 

(12

)

(1

)

(10

)

(88

)

(7

)

(2

)

(0

)

Noncontrolling interest

 

(32

)

(45

)

(67

)

(84

)

(3

)

(4

)

(2

)

Total Earnings

 

289

 

219

 

470

 

219

 

363

 

431

 

89

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

115

 

122

 

258

 

300

 

41

 

45

 

47

 

Capitalized interest

 

12

 

1

 

10

 

88

 

7

 

2

 

0

 

Interest component of rent expense

 

27

 

38

 

77

 

79

 

42

 

45

 

47

 

Total Fixed Charges

 

154

 

161

 

345

 

467

 

90

 

92

 

94