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)

 

     2003    2004    2005    2006    2007    9 Months Ended
September 26, 2008
                 

Fixed Charges

                 

Gross Interest Expense

   $ 58,379    $ 54,487    $ 44,540      79,375      109,702      104,741

Interest Element of Rental Expense

     9,460      9,672      10,744      12,369      14,804      11,319

Interest on FIN 48 liabilities

     —        —        —        —        —        —  
                                         

Total Fixed Charges

   $ 67,839    $ 64,159    $ 55,284    $ 91,744    $ 124,506    $ 116,060
                                         

Earnings Available for Fixed Charges:

                 

Earnings from Continuing Operations before income taxes

   $ 787,188    $ 1,042,667    $ 1,217,742      1,428,843      1,637,099      1,347,089

Add fixed charges

     67,839      64,159      55,284      91,744      124,506      116,060

Interest on FIN 48 liabilities

     —        —        —        —        —        —  
                                         

Total Earnings Available for Fixed Charges

   $ 855,027    $ 1,106,826    $ 1,273,026    $ 1,520,587    $ 1,761,605    $ 1,463,149

Ratio of Earnings to Fixed Charges

     12.6      17.3      23.0      16.6      14.1      12.6
                                         

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 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 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.