EX-12.1 6 sjm054965_ex12-1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 to St. Jude Medical, Inc. Form S-3ASR dated December 5, 2005

EXHIBIT 12.1

    

ST. JUDE MEDICAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollar amounts in thousands)

Nine Months Ended
Fiscal Year Ended December 31, September 30,
2004 2003 2002 2001 2000 2005 2004

EARNINGS                                
Earnings from continuing operations  
   before income taxes   $ 537,192   $ 455,107   $ 373,358   $ 227,978   $ 177,309   $ 563,677   $ 383,596  
 
Plus fixed charges  
       Interest expense    4,810    3,746    1,754    12,567    28,569    5,384    3,765  
       Portion of rent under operating  
         leases representative of the  
         interest component    5,778    5,513    3,405    2,951    2,343    4,002    4,333  

TOTAL FIXED CHARGES    10,588    9,259    5,159    15,518    30,912    9,386    8,098  
 

TOTAL EARNINGS AVAILABLE  
FOR FIXED CHARGES   $ 547,780   $ 464,366   $ 378,517   $ 243,496   $ 208,221   $ 573,063   $ 391,694  

 
RATIO OF EARNINGS  
TO FIXED CHARGES    51.7    50.2    73.4    15.7    6.7    61.1    48.4