EX-12 3 h89779ex12.txt COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 12 COOPER INDUSTRIES, INC. COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (Dollar Amounts in Thousands) (Unaudited)
Six Months Ended June 30, Year Ended December 31, ---------------------- ------------------------------------------------------------ 2001 2000 2000 1999 1998 1997 1996 --------- --------- --------- --------- --------- --------- --------- Interest Expense $ 47,500 $ 44,900 $ 100,300 $ 55,200 $ 101,900 $ 90,400 $ 142,100 Capitalized Interest 871 2,075 3,946 -- -- -- -- Estimated Interest Portion of Rent Expense 8,561 7,953 15,614 13,948 12,352 10,864 10,035 --------- --------- --------- --------- --------- --------- --------- Fixed Charges $ 56,932 $ 54,928 $ 119,860 $ 69,148 $ 114,252 $ 101,264 $ 152,135 ========= ========= ========= ========= ========= ========= ========= Income From Continuing Operations Before Income Taxes $ 191,400 $ 272,100 $ 549,900 $ 518,600 $523,600 $ 483,200 $ 470,700 Add: Fixed Charges 56,061 52,853 115,914 69,148 114,252 101,264 152,135 Dividends From Less Than 50% Owned Companies -- -- -- -- -- -- 287 Less: Equity in (Earnings) / Losses of Less Than 50% Owned Companies (1,592) (2,561) (3,367) (1,069) 595 (320) (1,609) --------- --------- --------- --------- --------- --------- --------- Earnings Before Fixed Charges $ 245,869 $ 322,392 $ 662,447 $ 586,679 $ 638,447 $ 584,144 $ 621,513 ========= ========= ========= ========= ========= ========= ========= Ratio of Earnings to Fixed Charges 4.3x 5.9x 5.5x 8.5x 5.6x 5.8x 4.1x
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