EX-12.1 7 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
      2002    2003    2004    2005    2006    June 29,
2007

Fixed Charges

                   

Gross Interest Expense

   $ 53,926    $ 59,049    $ 54,984    $ 44,933    $ 79,829    $ 51,540

Interest Element of Rental Expense

     8,960      9,460      9,672      10,744      12,369      5,533
                                           

Total Fixed Charges

   $ 62,886    $ 68,509    $ 64,656    $ 55,677    $ 92,198    $ 57,073
                                           

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.

   $ 657,468    $ 797,035    $ 1,057,717    $ 1,234,442    $ 1,446,172    $ 773,440

Add fixed charges

     62,886      68,509      64,656      55,677      92,198      57,073
                                           

Total Earnings Available for Fixed Charges

   $ 720,354    $ 865,544    $ 1,122,373    $ 1,290,119    $ 1,538,370    $ 830,513

Ratio of Earnings to Fixed Charges

     11.5      12.6      17.4      23.2      16.7      14.6
                                           

 

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 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. Interest on FIN 48 liabilities is included in the tax provision in the Company’s Consolidated Condensed Statements of Earnings and is excluded from the computation of fixed charges.