SEC Document

rpm-ex12_10.htm

 

Exhibit No. 12

RPM

RATIO OF EARNINGS TO FIXED CHARGES

Periods Ended May 31, 2013 through May 31, 2017 and November 30, 2017

 

 

 

 

 

Six Months Ended

 

 

Year Ended May 31,

 

 

 

 

 

 

November 30, 2017

 

 

2017

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

Ratio of Earnings to Fixed Charges 1

 

 

5.16

 

 

 

3.08

 

 

 

5.36

 

 

 

5.29

 

 

 

5.34

 

 

 

2.86

 

 

1 Calculated as follows:

 

(income before income taxes) + (fixed charges)

 

(fixed charges)

 

Fixed charges consist of interest expense, amortized expenses related to debt and an estimate of the interest portion of rental expense.

 

 

 

 

 

Six Months Ended

 

 

Year Ended May 31,

 

(All numbers in thousands)

 

November 30, 2017

 

 

2017

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

Income before income tax

 

 

264,465

 

 

 

244,333

 

 

 

483,466

 

 

 

453,253

 

 

 

424,487

 

 

 

176,891

 

Fixed charges

 

 

63,544

 

 

 

117,387

 

 

 

110,851

 

 

 

105,549

 

 

 

97,918

 

 

 

95,346

 

Total

 

 

328,009

 

 

 

361,720

 

 

 

594,317

 

 

 

558,802

 

 

 

522,405

 

 

 

272,237

 

 

 


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