EX-12 3 d745717dex12.htm 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 |