EX-12 3 d745717dex12.htm EX-12 EX-12

Exhibit 12

RPM

RATIO OF EARNINGS TO FIXED CHARGES

Periods Ended May 31, 2010 through 2014

 

     Year Ended May 31,  
      2014      2013      2012      2011      2010  

Ratio of Earnings to Fixed Charges 1

      5.34         2.86         4.84         4.72         4.67   

 

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.

 

     Year Ended May 31,  
(All numbers in thousands)    2014      2013      2012      2011      2010  

Income before income tax

      424,487         176,891         328,289         295,053         268,454   

Fixed charges

      97,918         95,346         85,579         79,227         73,207   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

      522,405         272,237         413,868         374,280         341,661