EX-12.1 4 d303367dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND

PREFERENCE DIVIDENDS

The following table reflects the computation of the ratio of earnings to combined fixed charges and preference dividends for the periods presented (in thousands, except for ratios):

 

     Three months
ended
September 30,
2016		     Year Ended June 30,  
       2016     2015     2014      2013      2012  

Computation of earnings:

               

Income before taxes

      53,486        290,777        266,044        276,535         178,210         137,345   

Add:

               

(Income) losses attributable to non-controlling interests

      (27 )      (18 )      (79 )      51         —           —     

Fixed charges (see below)

      27,275        76,363        54,620        27,934         16,982         15,564   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  
     80,734        367,122        320,585        304,520         195,192         152,909   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Computation of combined fixed charges and preference dividends:

               

Fixed charges:

               

Interest and other related expense, net

      27,275        76,363        54,620        27,934         16,982         15,564   

Preference dividends

      —          —          —          —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Total combined fixed charges and preference dividends

      27,275        76,363        54,620        27,934         16,982         15,564   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Ratio of earnings to fixed charges (1)

      2.96        4.81        5.87        10.90         11.49         9.82   

Ratio of earnings to combined fixed charges and preference dividends (1) (2)

      2.96        4.81        5.87        10.90         11.49         9.82   

 

(1) For the purpose of these calculations, “earnings” is the amount resulting from adding together earnings before taxes, fixed charges, and losses attributable to non-controlling interests. “Fixed charges” includes interest expensed, capitalized and the amortization of capitalized expenses related to indebtedness.
(2) There were no preference shares outstanding for the indicated periods. Accordingly, the ratio of earnings to combined fixed charges and preference dividends was identical to the ratio of earnings to fixed charges for each period.