EX-12.1 3 dhr-2012629xexx121.htm CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES DHR-2012.6.29-EX-12.1


Exhibit 12.1
 
 
 
 
 
 
 
 
 
 
 
 
 
Danaher Corporation
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratio data)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
 
2007
 
2008
 
2009
 
2010
 
2011
 
June 29, 2012
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
Gross Interest Expense
$
106,289

 
$
125,175

 
$
118,654

 
$
117,167

 
$
141,637

 
$
77,299

Interest Element of Rental Expense
14,804

 
10,763

 
13,135

 
15,162

 
19,840

 
11,158

Interest on Unrecognized Tax Benefits

 

 

 

 

 

Total Fixed Charges
$
121,093

 
$
135,938

 
$
131,789

 
$
132,329

 
$
161,477

 
$
88,457

 
 
 
 
 
 
 
 
 
 
 
 
Earnings Available for Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
Earnings from Continuing Operations Before Income Taxes
$
1,326,062

 
$
1,642,887

 
$
1,326,062

 
$
2,229,559

 
$
2,447,849

 
$
1,470,309

Add Fixed Charges
121,093

 
135,938

 
131,789

 
132,329

 
161,477

 
88,457

Interest on Unrecognized Tax Benefits

 

 

 

 

 

Total Earnings Available for Fixed Charges
$
1,447,155

 
$
1,778,825

 
$
1,457,851

 
$
2,361,888

 
$
2,609,326

 
$
1,558,766

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
12.0

 
13.1

 
11.1

 
17.8

 
16.2

 
17.6

 
 
 
 
 
 
 
 
 
 
 
 
NOTE:   These Ratios include Danaher Corporation and its consolidated subsidiaries. The ratio of earnings to fixed charges was computed by dividing earnings by fixed charges for the periods indicated, where “earnings” consist of (1) earnings from continuing operations (excluding earnings from 50% owned affiliates) before income taxes; plus (2) fixed charges, and “fixed charges” consist of (A) interest, whether expensed or capitalized, on all indebtedness, (B) amortization of premiums, discounts and capitalized expenses related to indebtedness, and (C) an interest component representing the estimated portion of rental expense that management believes is attributable to interest. Interest on unrecognized tax benefits is included in the tax provision in the Company's Consolidated Condensed Statements of Earnings and is excluded from the computation of fixed charges.