EX-12.1 2 a2218406zex-12_1.htm EX-12.1
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Exhibit 12.1


EDWARDS LIFESCIENCES CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
   Year ended December 31,  
 
   2013   2012   2011   2010   2009  
 
   (Dollars in millions)
  

Earnings:

                                

Income before provision for income taxes

   $ 515.3   $ 391.1   $ 283.6   $ 268.2   $ 304.4  

Add:

                                

Fixed charges

     10.7     4.9     3.5     2.7     3.1  

Distributed income of equity investees

     —     0.4     —     0.7     0.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings, as adjusted

   $ 526.0   $ 396.4   $ 287.1   $ 271.6   $ 308.4  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Fixed charges:

                                

Interest expense

   $ 9.8   $ 4.4   $ 3.1   $ 2.4   $ 2.7  

Amortized premiums, discounts and capitalized expenses related to indebtedness

     0.9     0.5     0.4     0.3     0.4  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fixed charges

   $ 10.7   $ 4.9   $ 3.5   $ 2.7   $ 3.1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Ratio of earnings to fixed charges

     49.3     81.0     81.2     99.9     100.4  



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EDWARDS LIFESCIENCES CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES