EX-12.1 4 exhibit121-ratiofixedcharg.htm EXHIBIT 12.1 Exhibit12.1-RatioFixedChargestoEarnings

EXHIBIT 12.1
CRANE CO.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in $000s)
 
 
 
 
 
 
 
 
 
 
3 Months Ended
 
Year ended
Earnings
 
March 31, 2013
 
December 31, 2012
December 31, 2011
December 31, 2010
December 31, 2009
December 31, 2008
 
 
 
 
 
 
 
 
 
Pretax income from continuing operations
 
80,694
 
284,605
14,761
209,067
186,506
181,551
 
 
 
 
 
 
 
 
 
Plus: Fixed Charges
 
8,943
 
35,731
35,288
35,041
35,739
35,266
 
 
 
 
 
 
 
 
 
Less: Minority Interest
 
151
 
828
201
20
224
(205)
 
 
 
 
 
 
 
 
 
Total Earnings Available for Fixed Charges
 
89,486
 
319,508
49,848
244,088
222,01
217,022
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Expense (1)
 
6,718
 
26,831
26,255
26,841
27,139
25,799
 
 
 
 
 
 
 
 
 
Portion of rents representing interest factor (2)
 
2,225
 
8,900
9,033
8,200
8,600
9,467
 
 
 
 
 
 
 
 
 
Total Fixed Charges
 
8,943
 
35,731
35,288
35,041
35,739
35,266
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
10.01x
 
8.94x
1.41x
6.97x
6.21x
6.15x
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(1) Interest expense includes original issue discount and deferred financing amortization.
(2) Approximately one-third of rental expense is deemed representative of the interest factor.