Exhibit 12
Engility Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges (unaudited)
(Thousands of dollars)
|
|
|
Years Ended December 31, |
|
|||||||||||||||||
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
|
2012 |
|
|||||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
|
$ |
(8,799 |
) |
|
$ |
(298,306 |
) |
|
$ |
70,647 |
|
|
$ |
87,301 |
|
|
$ |
(339,639 |
) |
|
Add: total fixed charges |
|
|
139,606 |
|
|
|
128,215 |
|
|
|
21,050 |
|
|
|
29,152 |
|
|
|
18,518 |
|
|
Earnings before provision for taxes and fixed charges |
|
$ |
130,807 |
|
|
$ |
(170,091 |
) |
|
$ |
91,697 |
|
|
$ |
116,453 |
|
|
$ |
(321,121 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and expense on indebtedness, including capitalized interest |
|
$ |
126,637 |
|
|
$ |
110,262 |
|
|
$ |
13,121 |
|
|
$ |
21,801 |
|
|
$ |
10,857 |
|
|
Interest portion of rentals (a) |
|
|
12,969 |
|
|
|
17,953 |
|
|
|
7,929 |
|
|
|
7,351 |
|
|
|
7,661 |
|
|
Total fixed charges |
|
$ |
139,606 |
|
|
$ |
128,215 |
|
|
$ |
21,050 |
|
|
$ |
29,152 |
|
|
$ |
18,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges (b) |
|
|
- |
|
|
|
- |
|
|
|
4.4 |
|
|
|
4.0 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) Calculated as one-third of rentals. Considered a reasonable approximation of interest factor |
|
|||||||||||||||||||
|
(b) In 2016, 2015 and 2012, we incurred losses from operations primarily related to goodwill impairments, and as a result, our earnings were insufficient to cover our fixed charges by $8.8 million, $298.3 million and $339.6 million, respectively. |
|
|||||||||||||||||||