EX-12.2 3 ryderex122-q22018.htm EXHIBIT 12.2 Exhibit


EXHIBIT 12.2
Ryder System, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
Continuing Operations
(Dollars in thousands)
 
 
For the six months ended June 30, 2018
 
 
 
 
EARNINGS:
 
 
Earnings before income taxes
 
$
146,383

Fixed charges
 
102,068

Add: Amortization of capitalized interest
 
389

Less: Interest capitalized
 
—

Earnings available for fixed charges (A)
 
$
248,840

 
 
 
FIXED CHARGES:
 
 
Interest and other financial charges
 
$
80,150

Portion of rents representing interest expense
 
21,918

Total fixed charges (B)
 
$
102,068

 
 
 
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B)
 
2.44