EX-12.1 3 dex121.htm CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES Calculation of ratio of earnings to fixed charges

Exhibit 12.1

Danaher Corporation

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

(In Thousands, except ratio data)

 

     Full Year    6 Months Ended
     2001    2002    2003    2004    2005    June 30, 2006

Fixed charges

                 

Gross Interest Expense

   48,147    53,926    59,049    54,984    44,933    27,275

Interest Element of Rental Expense

   6,342    8,960    9,460    9,672    10,744    4,753
                             

Total Fixed Charges

   54,489    62,886    68,509    64,656    55,677    32,028
                             

Earnings Available for Fixed Charges:

                 

Earnings before (a) income taxes, and (b) accounting changes and reduction of income tax reserves related to previously discontinued operation

   476,264    657,468    797,035    1,057,717    1,234,442    656,909

Add fixed charges

   54,489    62,886    68,509    64,656    55,677    32,028
                             

Total Earnings available for fixed charges

   530,753    720,354    865,544    1,122,373    1,290,119    688,937

Ratio of earnings to fixed charges

   9.7    11.5    12.6    17.4    23.2    21.5
                             

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 before (a) income taxes, and (b) accounting changes and reduction of income tax reserves related to discontinued operations, 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.