EX-12.1 4 stjude073522_ex12-1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 to St. Jude Medical, Inc. Form S-3ASR

Exhibit 12.1

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended

 

Six Months Ended

 

 

 

December 30,
2006

 

December 31,
2005

 

January 1,
2005

 

December 31,
2003

 

December 31,
2002

 

June 30,
2007

 

July 1,
2006

 
                               

 

            

EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations before income taxes

 

$

720,641

 

$

621,404

 

$

537,192

 

$

455,107

 

$

373,358

 

$

379,246

 

$

376,676

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

33,883

 

 

10,028

 

 

4,810

 

 

3,746

 

 

1,754

 

 

24,814

 

 

15,854

 

Portion of rent under operating leases representative of the interest component

 

 

8,190

 

 

7,659

 

 

5,778

 

 

5,513

 

 

3,405

 

 

4,298

 

 

4,095

 
                               

 

            

TOTAL FIXED CHARGES

 

 

42,073

 

 

17,687

 

 

10,588

 

 

9,259

 

 

5,159

 

 

29,112

 

 

19,949

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
                               

 

            

TOTAL EARNINGS AVAILABLE FOR FIXED CHARGES

 

$

762,714

 

$

639,091

 

$

547,780

 

$

464,366

 

$

378,517

 

$

408,358

 

$

396,625

 
                               

 

            

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

18.1

 

 

36.1

 

 

51.7

 

 

50.2

 

 

73.4

 

 

14.0

 

 

19.9