EX-12 5 y85034exv12.htm EX-12 exv12
EXHIBIT 12
Pall Corporation and Subsidiaries
Statement of Computation of Ratio of Earnings to Fixed Charges
(amounts in thousands, except ratios)
                                                 
    Nine Months        
    Ended     Fiscal Year Ended  
    April 30,     July 31,     July 31,     July 31,     July 31,     July 31,  
    2010     2009     2008     2007     2006     2005  
Determination of Earnings:
                                                
Earnings before income taxes
   $ 249,167     $ 270,786     $ 325,555     $ 260,529     $ 203,230     $ 177,024  
Fixed charges
     19,517       47,887       61,210       65,392       48,601       42,976  
Amortization of capitalized interest
     152       246       342       476       735       540  
Capitalized interest
     (157 )     (489 )     —       —       —       —  
 
                                    
Total earnings as defined
   $ 268,679     $ 318,430     $ 387,107     $ 326,397     $ 252,566     $ 220,540  
 
                                    
 
                                                
Determination of Fixed Charges:
                                                
Interest Expense (*)
   $ 10,463     $ 36,864     $ 50,937     $ 56,837     $ 40,323     $ 34,942  
Rents (**)
     8,897       10,534       10,273       8,555       8,278       8,034  
Capitalized interest
     157       489       —       —       —       —  
 
                                    
Total fixed charges
   $ 19,517     $ 47,887     $ 61,210     $ 65,392     $ 48,601     $ 42,976  
 
                                    
 
                                                
Ratio of Earnings to Fixed Charges
     13.8x       6.6x       6.3x       5.0x       5.2x       5.1x  
 
                                    
 
(*)   Interest expense includes the amortized premiums, discounts and capitalized expenses related to indebtedness.
 
(**)   Rents included in the computation consist of one-third of rental expense and represent the portion of rent deemed to be interest.

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