EX-12.1 6 dex121.htm STATEMENT REGARDING CONSOLIDATED RATIOS OF EARNINGS Statement regarding Consolidated Ratios of Earnings

Exhibit 12.1

Roper Industries, Inc.

Statement Regarding Computation of Ratios of Earnings to Fixed Charges

and to

Combined Fixed Charges and Preferred Stock Dividends

 

     Six Months
Ended
Jun. 30
   Six Months
Ended
Jun. 30
   Year Ended
Dec. 31
   Year Ended
Dec. 31
   Year Ended
Dec. 31
   Year Ended
Dec. 31
   Year Ended
Dec. 31
     2008    2007    2007    2006    2005    2004    2003

Ratios of Earnings to Fixed Charges

     9.0      6.6      7.3      6.6      5.5      4.9      4.3
                                                

Earnings Computation:

                    

Income from continuing operations before income taxes

   $ 213,437    $ 172,489    $ 383,657    $ 292,872    $ 220,567    $ 133,716    $ 66,290

Add: Fixed Charges (1)

     26,514      31,073      60,664      51,888      49,264      33,917      20,254
                                                

Equals: Earnings as defined

   $ 239,951    $ 203,562    $ 444,321    $ 344,760    $ 269,831    $ 167,633    $ 86,544
                                                

(1) Fixed Charges Computation:

                    

Interest expense and amortization of debt issuance costs

   $ 22,511    $ 26,838    $ 52,195    $ 44,801    $ 43,394    $ 28,847    $ 16,384

Add: Estimated interest portion of rental expense charged to income (one-third of rent expense)

     4,003      4,235      8,469      7,087      5,870      5,070      3,870

Add: Preference security dividend requirements of consolidated subsidiaries

     —        —        —        —        —        —        —  
                                                

Equals: Fixed Charges as defined

   $ 26,514    $ 31,073    $ 60,664    $ 51,888    $ 49,264    $ 33,917    $ 20,254
                                                

For purposes of calculating these ratios, earnings is the amount resulting from adding (a) earnings from continuing operations before income taxes and (b) fixed charges. Fixed charges for these purposes include (a) interest expense, (b) amortization of debt issuance costs, and (c) one-third of rental expense, which we consider to be a reasonable approximation of the interest factor included in rental expense. Currently, we have no shares of preferred stock outstanding and we have not paid any dividends on preferred stock in the periods presented. Therefore, the ratios of earnings to combined fixed charges and preferred stock dividends are not different from the ratios of earnings to fixed charges.