EX-99.4 6 exhibit994fixedchargecover.htm EXHIBIT 99.4 Exhibit


Exhibit 99.4
Unaudited Pro Forma Computation of Ratios of
 
 
Earnings to Fixed Charges
 
 
(In thousands)
 
 
 
Six months ended
Twelve months ended
 
November 30,
 2016
May 31,
2016
Net income before income taxes *
$
371,201

$
694,909

Capitalized interest
             1,900

             1,100

Fixed charges
           70,743

         148,196

Earnings
$
443,844

$
844,205

 
 
 
 
 
 
 
Six months ended
Twelve months ended
 
November 30,
 2016
May 31,
2016
Fixed charges:
 
 
Interest component of rent expense
$
2,764

$
5,294

Interest expense
           66,079

         141,802

Capitalized interest
             1,900

             1,100

 
$
70,743

$
148,196

 
 
 
Ratio of earnings to fixed charges
6.3

5.7

 
 
 
 
 
 
* - represents continuing operations
 
 


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