EX-12 3 aoi-20180331xex12.htm EXHIBIT 12 Exhibit


Exhibit 12

Alliance One International, Inc. and Subsidiaries

RATIO OF EARNINGS TO FIXED CHARGES

 
Years Ended March 31,
(in thousands)
2018
2017
2016
2015
2014
 

 
 
 
 
Pretax income from continuing operations
$
(16,129
)
$
(39,642
)
$
91,674

$
(8,939
)
$
(61,695
)
 

 
 
 
 
Distributed income of equity investees
2,826

4,307

1,887

—

843

 

 
 
 
 
Fixed charges
140,181

139,824

124,776

120,953

124,496

 

 
 
 
 
Earnings
126,878

104,489

218,337

(112,014
)
63,644

 

 
 
 
 
Interest
130,318

128,537

115,174

113,481

114,058

 

 
 
 
 
Amortization of charges and other
9,864

11,287

9,602

7,472

10,438

 

 
 
 
 
Fixed Charges
140,182

139,824

124,776

120,953

124,496

 

 
 
 
 
Ratio of Earnings to Fixed Charges
—

—

1.75

—

—

 

 
 
 
 
Coverage Deficiency
13,304

35,335

n/a

8,939

60,852