SEC Info - CH Robinson Worldwide Inc - ‘S-3ASR’ on 3/23/18

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CH Robinson Worldwide Inc – ‘S-3ASR’ on 3/23/18 – ‘EX-12.1’

On: Friday, 3/23/18, at 5:11pm ET · Effective: 3/23/18 · Accession #: 1193125-18-94374 · File #: 333-223896

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/23/18  CH Robinson Worldwide Inc         S-3ASR      3/23/18    9:2.3M                                   Donnelley … Solutions/FA

Automatic Shelf Registration Statement for Securities of a Well-Known Seasoned Issuer — Form S-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-3ASR      S-3ASR Universal Shelf Registration                 HTML    209K 
 9: S-3ASR      S-3ASR Universal Shelf Registration PDF --           PDF    265K 
                          d546159ds3asr1                                         
 2: EX-4.6      Form of Senior Indenture                            HTML    330K 
 3: EX-4.7      Form of Subordinated Indenture                      HTML    356K 
 4: EX-5.1      Opinion of Faegre Baker Daniels LLP                 HTML     35K 
 5: EX-12.1     Computation of Ratio of Earnings to Fixed Charges   HTML     33K 
 6: EX-23.2     Consent of Deloitte & Touche LLP                    HTML      6K 
 7: EX-24.1     Powers of Attorney                                  HTML     16K 
 8: EX-25.1     Statement of Eligibility of Senior Trustee on Form  HTML     27K 
                          T-1

EX-12.1 — Computation of Ratio of Earnings to Fixed Charges

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges


	Fiscal Year Ended December 31,
	2013			2014			2015			2016			2017
EARNINGS
ADD
a) pre-tax income	$	673,361		$	723,431		$	822,781		$	811,950		$	728,463
b) fixed charges		29,263			45,956			48,638			47,064			59,227
c) amortization of capitalized interest		—			—			—			—			—
d) distributed income of equity investees		—			—			—			—			—
e) share of pre-tax loss of equity investee		—			—			—			—			—

	$	702,624		$	769,387		$	871,419		$	859,014		$	787,690
SUBTRACT
a) Interest capitalized		—			—			—			—			—
b) preference security dividend requirements of consolidated subsidiaries		—			—			—			—			—
c) noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges		—			—			—			—			—

		—			—			—			—			—

Total Earnings:	$	702,624		$	769,387		$	871,419		$	859,014		$	787,690

FIXED CHARGES
a) interest expensed	$	11,195		$	27,189		$	28,605		$	28,858		$	38,792
b) interest capitalized		—			—			—			—			—
c) amortized premiums discounts and capitalized expense								1,484						350
d) estimate of interest within rental expense related to indebtedness⁽¹⁾		18,068			18,767			18,549			18,206			20,085
e) preference security dividend requirements of consolidated subsidiaries		—			—			—			—			—

Total Fixed Charges:	$	29,263		$	45,956		$	48,638		$	47,064		$	59,227




RATIO OF EARNINGS TO FIXED CHARGES⁽²⁾		24.01	x		16.74	x		17.92	x		18.25	x		13.30	x

(1)

Consistent with market practice, management has estimated that interest within rental expense is equal to 33% of lease expense, calculated as follows:

Fiscal Year Ended December 31,

2013

2014

2015

2016

2017

Lease Expense

54,753

56,871

56,210

55,170

60,864

Interest (33%)

18,068

18,767

18,549

18,206

20,085

(2)

The ratios of earnings to fixed charges were computed by dividing earnings by fixed charges.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘S-3ASR’ Filing	Date	Other Filings

Filed on / Effective on:	3/23/18
	12/31/13	10-K, 11-K, 4, 5
		List all Filings

1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/30/21  C.H. Robinson Worldwide, Inc.     S-3ASR      4/30/21    5:908K

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Filing Submission 0001193125-18-094374 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)