EX-12 6 epc10k93015ex12.htm EXHIBIT 12 Exhibit


Exhibit 12

Edgewell Personal Care Company
Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratios)

 
Fiscal Year
 
2015
 
2014
 
2013
 
2012
 
2011
(Loss) earnings from continuing operations before income taxes
$
(458.7
)
 
$
145.8

 
$
205.4

 
$
164.7

 
$
63.0

 
 
 
 
 
 
 
 
 
 
Additions:
 
 
 
 
 
 
 
 
 
Interest expense
98.8

 
119.0

 
126.6

 
123.3

 
121.9

Deferred financing (recorded in SG&A)
—

 
—

 
—

 
—

 
0.5

Estimated portion of rental expense attributable to interest
1.0

 
1.2

 
1.2

 
1.3

 
1.2

Total fixed charges
$
99.8

 
$
120.2

 
$
127.8

 
$
124.6

 
$
123.6

(Loss) earnings from continuing operations before income taxes plus fixed charges
$
(358.9
)
 
$
266.0

 
$
333.2

 
$
289.3

 
$
186.6

Ratio of earnings to fixed charges (1)
(3.6
)
 
2.2

 
2.6

 
2.3

 
1.5


(1)
In fiscal 2015, earnings were not sufficient to cover fixed charges, primarily due to additional expenses incurred as a result of the separation of the Household Products business, as well as non-cash impairment charges.