EX-12.1 2 d311257dex121.htm CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES Calculation of ratio of earnings to fixed charges

Exhibit 12.1

Danaher Corporation

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

(In Thousands, except ratio data)

 

                                        Three Months
Ended		  
     2007      2008      2009      2010      2011      March 30, 2012  

Fixed Charges:

                  

Gross Interest Expense

      106,289         125,175         118,654         117,167         141,637         39,423   

Interest Element of Rental Expense

      14,804         10,763         13,135         15,162         19,840         5,579   

Interest on FIN 48 liabilities

      —           —           —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total Fixed Charges

    $ 121,093       $ 135,938       $ 131,789       $ 132,329       $ 161,477       $ 45,002   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Earnings Available for

                  

Fixed Charges:

                  

Earnings from Continuing Operations before income taxes

      1,326,062         1,642,887         1,326,062         2,229,559         2,447,849         696,204   

Add fixed charges

      121,093         135,938         131,789         132,329         161,477         45,002   

Interest on FIN 48 liabilities

      —           —           —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total Earnings Available for Fixed Charges

    $ 1,447,155       $ 1,778,825       $ 1,457,851       $ 2,361,888       $ 2,609,326       $ 741,206   

Ratio of Earnings to Fixed Charges

      12.0         13.1         11.1         17.8         16.2         16.5   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

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 (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.