EX-12 2 hyh2014form10kex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES hyh2014form10kex12
Exhibit No. (12)

HALYARD HEALTH, INC.
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)

 
Year Ended December 31,
 
2014
 
2013
 
2012
 
2011
 
2010
Income before income taxes
$
91.2

 
$
227.8

 
$
229.8

 
$
214.6

 
$
159.9

 
 
 
 
 
 
 
 
 
 
Interest expense
6.0

 
0.1

 
0.8

 
0.2

 
0.8

Capitalized interest
0.6

 
0.4

 
0.1

 
0.4

 
0.1

Interest factor in rent expense(a)
6.0

 
5.6

 
4.5

 
4.2

 
4.9

Fixed Charges
12.6

 
6.1

 
5.4

 
4.8

 
5.8

Income before income taxes plus fixed charges
$
103.8

 
$
233.9

 
$
235.2

 
$
219.4

 
$
165.7

Ratio of Earnings to Fixed Charges
8.2

 
38.3

 
43.6

 
45.7

 
28.6

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(a) Interest portion of rent expense is assumed to be 33%.