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SEC Filings

10-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-K on 02/21/2017
Entire Document
 
Exhibit


EXHIBIT 12
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Amounts in Millions, Except Ratios)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Years ended December 31,
 
 
 
2016
 
2015
 
2014
 
2013
 
2012
 
Earnings 1
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes
 
$
830.2

 
$
762.2

 
$
720.7

 
$
468.0

 
$
674.8

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges 2
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
90.6

 
85.8

 
84.9

 
122.7

 
133.5

 
Interest factor of net operating rents 3
 
170.4

 
162.4

 
170.0

 
173.3

 
169.0

 
    Total fixed charges
 
261.0

 
248.2

 
254.9

 
296.0

 
302.5

 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as adjusted
 
$
1,091.2

 
$
1,010.4

 
$
975.6

 
$
764.0

 
$
977.3

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
4.2

 
4.1

 
3.8

 
2.6

 
3.2

 
 
1
Earnings consist of income from continuing operations before income taxes, equity in net income of unconsolidated affiliates and adjustments for net income attributable to noncontrolling interests.
2