EX-12 2 stjude114302_ex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

EXHIBIT 12

ST. JUDE MEDICAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(amounts in thousands of dollars)

 

   

Nine
Months Ended

October 1, 2011

    FISCAL YEAR  
        2010     2009     2008     2007     2006  
EARNINGS                                                
Earnings before income taxes   $ 885,791     $ 1,208,803     $ 1,057,393     $ 580,768     $ 710,276     $ 706,063  
                                                 
Plus fixed charges:                                                
Interest expense (1)     51,747       67,372       45,603       72,554       72,258       48,461  
Rent interest factor (2)     9,085       12,113       11,183       9,527       9,144       8,190  
TOTAL FIXED CHARGES     60,832       79,485       56,786       82,081       81,402       56,651  
                                                 
EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES   $ 946,623     $ 1,288,288     $ 1,114,179     $ 662,849     $ 791,678     $ 762,714  
RATIO OF EARNINGS TO FIXED CHARGES     15.6       16.2       19.6       8.1       9.7       13.5  

 

(1)   Interest expense consists of interest on indebtedness and amortization of debt issuance costs.

(2)   Approximately one-third of rental expense is deemed representative of the interest factor.