Fiscal Year Ended June 30, | |||||||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | |||||||||||||||
EARNINGS | |||||||||||||||||||
Income from continuing operations before income taxes and noncontrolling interests | $ | 1,702,277 | $ | 1,328,641 | $ | 1,114,728 | $ | 1,432,240 | $ | 1,556,720 | |||||||||
Adjustments: | |||||||||||||||||||
Interest on indebtedness, exclusive of interest capitalized | 207,461 | 157,891 | 133,004 | 115,077 | 79,845 | ||||||||||||||
Amortization of deferred loan costs | 6,412 | 4,545 | 3,513 | 3,329 | 2,721 | ||||||||||||||
Portion of rents representative of interest factor | 42,313 | 39,574 | 39,668 | 41,886 | 43,983 | ||||||||||||||
(Income) of equity investees | (50,473 | ) | (42,352 | ) | (25,648 | ) | (23,204 | ) | (11,141 | ) | |||||||||
Distributed income of equity investees | 59,474 | 45,760 | 36,616 | 31,723 | 1,661 | ||||||||||||||
Amortization of previously capitalized interest | 130 | 134 | 152 | 179 | 190 | ||||||||||||||
Income as adjusted | $ | 1,967,594 | $ | 1,534,193 | $ | 1,302,033 | $ | 1,601,230 | $ | 1,673,979 | |||||||||
FIXED CHARGES | |||||||||||||||||||
Interest on indebtedness, exclusive of interest capitalized | $ | 207,461 | $ | 157,891 | $ | 133,004 | $ | 115,077 | $ | 79,845 | |||||||||
Amortization of deferred loan costs | 6,412 | 4,545 | 3,513 | 3,329 | 2,721 | ||||||||||||||
Portion of rents representative of interest factor | 42,313 | 39,574 | 39,668 | 41,886 | 43,983 | ||||||||||||||
Fixed charges | $ | 256,186 | $ | 202,010 | $ | 176,185 | $ | 160,292 | $ | 126,549 | |||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 7.68x | 7.59x | 7.39x | 9.99x | 13.23x | ||||||||||||||