EX-12 6 a2183198zex-12.htm EXHIBIT 12

EXHIBIT 12

 

West Pharmacetical Services, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

 

(in millions except ratio amounts)

 

2007

 

2006

 

2005

 

2004

 

2003

 

EARNINGS:

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes and minority interests

 

$

86.4

 

$

84.5

 

$

61.4

 

$

42.4

 

$

64.9

 

Add:

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

19.9

 

17.2

 

17.9

 

12.1

 

12.6

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Capitalized interest

 

(1.9

)

(0.7

)

(0.6

)

(1.3

)

(0.7

)

Adjusted earnings

 

$

104.4

 

$

101.0

 

$

78.7

 

$

53.2

 

$

76.8

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

16.4

 

$

13.4

 

$

14.7

 

$

9.8

 

$

10.4

 

One-third of rent expense

 

3.5

 

3.8

 

3.2

 

2.3

 

2.2

 

Total fixed charges

 

$

19.9

 

$

17.2

 

$

17.9

 

$

12.1

 

$

12.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

5.25

 

5.88

 

4.39

 

4.39

 

6.09