EX-12 3 a96409orexv12.txt EXHIBIT 12 . . . EXHIBIT 12 STATEMENT RE COMPUTATION OF RATIOS (DOLLARS IN THOUSANDS, EXCEPT RATIOS)
NINE MONTHS YEAR ENDED DECEMBER 31, ENDED ---------------------------------------------------------- SEPTEMBER 30, 2002 2001 2000 1999 1998 2003 (1) ---------- ---------- ---------- ---------- ---------- ------------- RATIO OF EARNINGS TO FIXED CHARGES: Earnings: Income (loss) before income taxes, minority interest ............... $ 176,938 $ 118,803 $ 136,683 $ 147,105 $ (342,809) $ (18,538) Add: interest expense .................... 42,856 55,665 60,248 55,439 37,757 23,892 IPR&D charges ............................ -- -- -- -- -- 117,609 ---------- ---------- ---------- ---------- ---------- ---------- $ 219,794 $ 174,468 $ 196,931 $ 202,544 $ (305,052) $ 122,963 ========== ========== ========== ========== ========== ========== Fixed Charges: Interest expense ......................... $ 42,856 $ 55,665 $ 60,248 $ 55,439 $ 37,757 $ 23,892 ========== ========== ========== ========== ========== ========== Ratio of earnings to fixed charges (coverage deficiency) .................... 5.1x 3.1x 3.3x 3.7x $ (305,052) 5.1x ========== ========== ========== ========== ========== ==========
--------------- (1) For the nine months ended September 30, 2003, non-cash charges of $117,609,000 related to acquired in-process research and development were excluded from the calculation.