EX-12 2 stjude121296_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 millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three
Months Ended

 

FISCAL YEAR

 

 

 

March 31, 2012

 

2011

 

2010

 

2009

 

2008

 

2007

 

EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes

 

$

279

 

$

1,019

 

$

1,209

 

$

1,057

 

$

581

 

$

710

 

 

Plus fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (1)

 

 

18

 

 

70

 

 

67

 

 

46

 

 

73

 

 

73

 

Rent interest factor (2)

 

 

4

 

 

15

 

 

12

 

 

11

 

 

9

 

 

9

 

TOTAL FIXED CHARGES

 

 

22

 

 

85

 

 

79

 

 

57

 

 

82

 

 

82

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES

 

$

301

 

$

1,104

 

$

1,288

 

$

1,114

 

$

663

 

$

792

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

13.8

 

 

13.0

 

 

16.3

 

 

19.5

 

 

8.1

 

 

9.7

 

 

 

 

 

(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.