EX-12.1 5 d78767dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Roper Technologies, Inc.

Statement Regarding Computation of Ratios of Earnings to Fixed Charges

and to

Combined Fixed Charges and Preferred Stock Dividends

 

     Year Ended
Dec. 31
     Year Ended
Dec. 31
     Year Ended
Dec. 31
     Year Ended
Dec. 31
     Year Ended
Dec. 31
     Nine Months
Ended
Sep. 30
     Nine Months
Ended
Sep. 30
 
     2010      2011      2012      2013      2014      2014      2015  

Ratio of Earnings to Fixed Charges

     6.8x         9.0x         9.7x         8.3x         10.9x         10.4x         10.7x   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Earnings Computation:

                    

Income from continuing operations before income taxes

   $ 448,394      $ 604,987      $ 686,681      $ 754,130      $ 921,456      $ 657,414      $ 686,911  

Add: Fixed Charges (1)

     77,077        75,542        78,570        102,714        92,965        69,998        71,002  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Equals: Earnings as defined

   $ 525,471      $ 680,529      $ 765,251      $ 856,844      $ 1,014,421      $ 727,412      $ 757,913  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

(1)    Fixed Charges Computation:

                    

Interest expense and amortization of debt issuance costs

   $ 67,322      $ 65,607      $ 69,624      $ 89,438      $ 80,166      $ 60,399      $ 62,248  

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

     9,755        9,935        8,946        13,276        12,799        9,599        8,754  

Add: Preference security dividend requirements of consolidated subsidiaries

     —             —         —           —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Equals: Fixed Charges as defined

   $ 77,077      $ 75,542      $ 78,570      $ 102,714      $ 92,965      $ 69,998      $ 71,002  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

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.