EX-12 2 c52922exv12.htm EX-12 exv12
EXHIBIT 12
ST. JUDE MEDICAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands of dollars)
                                                 
    Six        
    Months Ended     FISCAL YEAR  
    July 4, 2009     2008     2007     2006     2005     2004  
           
EARNINGS
                                                
Earnings before income taxes
   $ 574,646     $ 580,768     $ 710,276     $ 706,063     $ 621,046     $ 537,192  
 
                                                
Plus fixed charges:
                                                
Interest expense (1)
     12,570       72,554       72,258       48,461       10,386       4,810  
Rent interest factor (2)
     4,764       9,527       9,144       8,190       7,659       5,778  
           
TOTAL FIXED CHARGES
     17,334       82,081       81,402       56,651       18,045       10,588  
 
                                                
EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES
   $ 591,980     $ 662,849     $ 791,678     $ 762,714     $ 639,091     $ 547,780  
           
 
                                                
RATIO OF EARNINGS TO FIXED CHARGES
     34.2       8.1       9.7       13.5       35.4       51.7  
           
 
(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.