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