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   

9 months ended

September 29,
2006

   2001    2002    2003    2004    2005   

Fixed charges

                 

Gross Interest Expense

   $ 48,147    $ 53,926    $ 59,049    $ 54,984    $ 44,933    $ 53,920

Interest Element of Rental Expense

     6,342      8,960      9,460      9,672      10,744      7,413
                                         

Total Fixed Charges

   $ 54,489    $ 62,886    $ 68,509    $ 64,656    $ 55,677    $ 61,333
                                         

Earnings Available for

                 

Fixed Charges:

                 

Earnings before (a) income taxes, and (b) accounting changes and reduction of income tax

   $ 476,264    $ 657,468    $ 797,035    $ 1,057,717    $ 1,234,442    $ 1,023,529

reserves related to previously discontinued operation.

                 

Add fixed charges

     54,489      62,886      68,509      64,656      55,677      61,333
                                         

Total Earnings available for fixed charges

   $ 530,753    $ 720,354    $ 865,544    $ 1,122,373    $ 1,290,119    $ 1,084,862

Ratio of earnings to fixed charges

     9.7      11.5      12.6      17.4      23.2      17.7
                                         

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.