EX-12.1 10 dex121.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

DANAHER CORPORATION AND SUBSIDIARIES

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

($ IN THOUSANDS, EXCEPT RATIO DATA)

 

     2005    2006    2007    2008    2009

Fixed Charges:

              

Gross Interest Expense

   $ 44,540    $ 79,375    $ 109,702    $ 130,174    $ 122,656

Interest Element of Rental Expense

     10,744      12,369      14,804      10,763      13,135

Interest on FIN 48 liabilities

     —        —        —        —        —  
                                  

Total Fixed Charges

   $ 55,284    $ 91,744    $ 124,506    $ 140,937    $ 135,791
                                  

Earnings Available for Fixed Charges:

              

Earnings from Continuing Operations before income taxes

   $ 1,217,742    $ 1,428,843    $ 1,637,099    $ 1,749,307    $ 1,424,854

Add fixed charges

     55,284      91,744      124,506      140,937      135,791

Interest on FIN 48 liabilities

     —        —        —        —        —  
                                  

Total Earnings Available for Fixed Charges

   $ 1,273,026    $ 1,520,587    $ 1,761,605    $ 1,890,244    $ 1,560,645

Ratio of Earnings to Fixed Charges

     23.0      16.6      14.1      13.4      11.5
                                  

NOTE: These Ratios include Danaher Corporation and its consolidated subsidiaries. The ratio of earnings to fixed charges was computed by dividing earnings by fixed charges for the periods indicated, where “earnings” consist of (1) earnings from continuing operations before incomes taxes plus (2) fixed charges, and “fixed charges” consist of (a) interest, whether expensed or capitalized, on all indebtedness, (b) amortization of premiums, discounts and capitalized expenses related to indebtedness, and (c) an interest component representing the estimated portion of rental expense that management believes is attributable to interest. Interest on FIN 48 liabilities is included in the tax provision in the Company’s Consolidated Condensed Statements of Earnings and is excluded from the computation of fixed charges.