EX-12 3 a96409a1exv12.txt EXHIBIT 12 . . . EXHIBIT 12 STATEMENT RE COMPUTATION OF RATIOS (DOLLARS IN THOUSANDS, EXCEPT RATIOS)
THREE MONTHS YEAR ENDED DECEMBER 31, ENDED ----------------------------------------------------------- MARCH 31, 2003(1) 2002 2001 2000 1999 2004 (1) ---------- ---------- ---------- ---------- ---------- ------------- RATIO OF EARNINGS TO FIXED CHARGES: Earnings: Income (loss) before income taxes, minority interest ............... $ (13,760) $ 176,938 $ 118,803 $ 136,683 $ 147,105 $ (16,708) Add: interest expense .................... 36,145 42,856 55,665 60,248 55,439 14,959 IPR&D charges ............................ 117,609 -- -- -- -- 11,386 ---------- ---------- ---------- ---------- ---------- ---------- $ 139,994 $ 219,794 $ 174,468 $ 196,931 $ 202,544 $ 9,637 ========== ========== ========== ========== ========== ========== Fixed Charges: Interest expense ......................... $ 36,145 $ 42,856 $ 55,665 $ 60,248 $ 55,439 $ 14,959 ========== ========== ========== ========== ========== ========== Ratio of earnings to fixed charges.......... 3.9x 5.1x 3.1x 3.3x 3.7x 0.6x ========== ========== ========== ========== ========== ==========
--------------- (1) For the year ended December 31, 2003 and the three months ended March 31, 2004, non-cash charges of $117,609,000 and $11,386,000, respectively, related to acquired in-process research and development were excluded from the calculation.