EX-12 3 epc10k93017ex12.htm EXHIBIT 12 Exhibit


Exhibit 12

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

 
Fiscal Year
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings (loss) from continuing operations before income taxes
$
(52.9
)
 
$
219.9

 
$
(458.7
)
 
$
145.8

 
$
205.4

 
 
 
 
 
 
 
 
 
 
Additions:
 
 
 
 
 
 
 
 
 
Interest expense
69.2

 
71.8

 
98.8

 
119.0

 
126.6

Estimated portion of rental expense attributable to interest
1.2

 
1.0

 
1.0

 
1.2

 
1.2

Total fixed charges
$
70.4

 
$
72.8

 
$
99.8

 
$
120.2

 
$
127.8

Earnings (loss) from continuing operations before income taxes plus fixed charges
$
17.5

 
$
292.7

 
$
(358.9
)
 
$
266.0

 
$
333.2

Ratio of earnings to fixed charges (1)
0.2

 
4.0

 
(3.6
)
 
2.2

 
2.6


(1)
In fiscal 2017, earnings were $52.9 less than total fixed charges, primarily due to a non-cash impairment charge of $319. In fiscal 2015, earnings were $458.7 less than 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.