EX-12 3 w18155exv12.txt STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 AMETEK, INC. STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN THOUSANDS)
2005 2004 2003 2002 2001 --------- ---------- ----------- ---------- ---------- EARNINGS: Net income $ 140,643 $ 112,711 $ 87,815 $ 83,698 $ 66,111 Income tax expense 63,565 53,068 42,272 39,200 18,251 Interest expense - gross 33,103 28,343 26,063 25,498 28,505 Capitalized interest (190) -- (46) (317) (592) Interest portion of rental expense 4,843 3,757 2,998 2,839 2,982 --------- ---------- ----------- ---------- ---------- Adjusted earnings $ 241,964 $ 197,879 $ 159,102 $ 150,918 $ 115,257 ========= ========== =========== ========== ========== FIXED CHARGES: Interest expense, net of capitalized interest $ 32,913 $ 28,343 $ 26,017 $ 25,181 $ 27,913 Capitalized interest 190 -- 46 317 592 Interest portion of rental expense 4,843 3,757 2,998 2,839 2,982 --------- ---------- ----------- ---------- ---------- Fixed charges $ 37,946 $ 32,100 $ 29,061 $ 28,337 $ 31,487 ========= ========== =========== ========== ========== --------- ---------- ----------- ---------- ---------- RATIO OF ADJUSTED EARNINGS TO FIXED CHARGES 6.4x 6.2x 5.5x 5.3x 3.7x ========= ========== =========== ========== ==========