EX-12.1 10 exhibit121.htm EXHIBIT 12.1 exhibit121.htm                                                                                                     
                               
                     
EXHIBIT 12.1
 
                               
                     West Pharmacetical Services, Inc. and Subsidiaries
                                     Computation of Ratio of Earnings to Fixed Charges
             
                               
                               
(in millions, except ratio amounts)
 
2008
   
2007
   
2006
   
2005
   
2004
 
EARNINGS:
                             
Income before income taxes and minority interests
    109.5     $ 86.4     $ 84.5     $ 61.4     $ 42.4  
Add:
                                       
     Fixed charges
    22.3       19.9       17.2       17.9       12.1  
Less:
                                       
     Capitalized interest
    (2.6 )     (1.9 )     (0.7 )     (0.6 )     (1.3 )
Adjusted earnings
  $  129.2     $ 104.4     $ 101.0     $ 78.7     $ 53.2  
                                         
FIXED CHARGES:
                                       
Interest expense
    18.6     $ 16.4     $ 13.4     $ 14.7     $ 9.8  
One-third of rent expense
    3.7       3.5       3.8       3.2       2.3  
Total fixed charges
  $ 22.3     $ 19.9     $ 17.2     $ 17.9     $ 12.1  
                                         
Ratio of earnings to fixed charges
    5.79       5.25       5.88       4.39       4.39