EX-12.1 2 d226414dex121.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

Danaher Corporation

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

(In Thousands, except ratio data)

 

                                        Nine Months
Ended
 
     2006      2007      2008      2009      2010      September 30, 2011  

Fixed Charges:

                 

Gross Interest Expense

     77,375         107,702         126,470         119,776         118,294         105,194   

Interest Element of Rental Expense

     12,369         14,804         10,763         13,135         15,162         13,710   

Interest on FIN 48 liabilities

     —           —           —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Fixed Charges

   $ 89,744       $ 122,506       $ 137,233       $ 132,911       $ 133,456       $ 118,904   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Earnings Available for

                 

Fixed Charges:

                 

Earnings from Continuing Operations

                 

before income taxes

     1,380,150         1,583,187         1,670,991         1,366,842         2,252,739         1,694,615   

Add fixed charges

     89,744         122,506         137,233         132,911         133,456         118,904   

Interest on FIN 48 liabilities

     —           —           —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Earnings Available

                 

for Fixed Charges

   $ 1,469,894       $ 1,705,693       $ 1,808,224       $ 1,499,753       $ 2,386,195       $ 1,813,519   

Ratio of Earnings to Fixed Charges

     16.4         13.9         13.2         11.3         17.9         15.3   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

 

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 (excluding earnings from 50% owned affiliates) before income 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.