0001193125-18-074242.txt : 20180308 0001193125-18-074242.hdr.sgml : 20180308 20180308081856 ACCESSION NUMBER: 0001193125-18-074242 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180308 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180308 DATE AS OF CHANGE: 20180308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ZIMMER BIOMET HOLDINGS, INC. CENTRAL INDEX KEY: 0001136869 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 134151777 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16407 FILM NUMBER: 18675078 BUSINESS ADDRESS: STREET 1: 345 EAST MAIN STREET CITY: WARSAW STATE: IN ZIP: 46580 BUSINESS PHONE: 5742676131 MAIL ADDRESS: STREET 1: 345 EAST MAIN STREET CITY: WARSAW STATE: IN ZIP: 46580 FORMER COMPANY: FORMER CONFORMED NAME: ZIMMER HOLDINGS INC DATE OF NAME CHANGE: 20010315 8-K 1 d539035d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 8, 2018

 

 

ZIMMER BIOMET HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-16407   13-4151777

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

345 East Main Street

Warsaw, Indiana 46580

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (574) 267-6131

Not applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

  ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(e) of the Exchange Act  ☐

 

 

 

Item 8.01 OTHER EVENTS.

Zimmer Biomet Holdings, Inc. is filing as Exhibit 12.1 to this Current Report on Form 8-K a Statement Regarding Computation of Ratio of Earnings to Fixed Charges, which includes the calculation of its historical ratio of earnings to fixed charges for the years ended December 31, 2017, 2016, 2015, 2014 and 2013.

 

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d)     Exhibits

EXHIBIT INDEX

 

Exhibit
No.		   

Description

12.1    Statement Regarding Computation of Ratio of Earnings to Fixed Charges

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 8, 2018

 

ZIMMER BIOMET HOLDINGS, INC.
By:  

/s/ Chad F. Phipps

Name:   Chad F. Phipps
Title:   Senior Vice President, General Counsel
  and Secretary
 EX-12.1 2 d539035dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Zimmer Biomet Holdings, Inc.

Computation of Ratio of Earnings to Fixed Charges

(dollars in millions)

 

     For the year ended December 31,  
     2017     2016     2015     2014     2013  

Earnings:

           

Earnings before income taxes and minority interest

    $ 464.6     $ 399.6     $ 153.2     $ 939.4     $ 1,008.1  

(Income) / loss from equity investees

      —         —         —         —         (0.3 ) 

Amortization of capitalized interest

      —         —         —         0.1       0.1  

Interest capitalized

      —         —         —         —         —    

Fixed Charges

      329.6       359.3       287.5       63.6       70.7  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings

    $ 794.2     $ 758.9     $ 440.7     $ 1,003.1     $ 1,078.6  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges:

           

Interest expense (including amortization of debt discount expense, debt issuance costs and factoring)

      327.5       357.9       286.6       63.1       70.1  

Interest capitalized

      —         —         —         —         —    

Portion of rents representative of the interest factor (1)

      2.1       1.4       0.9       0.5       0.6  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges

    $ 329.6     $ 359.3     $ 287.5     $ 63.6     $ 70.7  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges

      2.4 x      2.1 x      1.5 x      15.8 x      15.3 x 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) Represents management’s estimate based upon market interest rates for each of the periods indicated

For purposes of calculating the ratio of earnings to fixed charges, “earnings” have been computed by adding earnings before income taxes and minority interest, amortization of capitalized interest and fixed charges, and excludes equity investee income or loss and capitalized interest. “Fixed charges” consist of interest costs, whether expensed or capitalized, and a reasonable approximation of the interest factor deemed to be included in rental expense for all facilities and equipment.