EX-12 5 aoi-20150331xex12.htm EXHIBIT 12 AOI-2015.03.31-EX12


Exhibit 12

Alliance One International, Inc. and Subsidiaries

RATIO OF EARNINGS TO FIXED CHARGES

 
Years Ended March 31,
(in thousands)
2015
2014
2013
2012
2011
 

 
 
 
 
Pretax income from continuing operations
$
4,519

$
(48,120
)
$
51,067

$
54,158

$
32,849

 

 
 
 
 
Distributed income of equity investees
—

843

998

1,480

—

 

 
 
 
 
Fixed charges
120,820

124,491

121,770

113,852

107,975

 

 
 
 
 
Earnings
125,339

77,214

173,835

169,490

140,824

 

 
 
 
 
Interest
113,348

114,053

111,064

103,500

98,561

 

 
 
 
 
Amortization of charges and other
7,472

10,438

10,706

10,352

9,414

 

 
 
 
 
Fixed Charges
120,820

124,491

121,770

113,852

107,975

 

 
 
 
 
Ratio of Earnings to Fixed Charges
1.04

n/a

1.43

1.49

1.30

 

 
 
 
 
Coverage Deficiency
n/a

47,277

n/a

n/a

n/a