EX-12.1 2 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)

 

                         Three Months
Ended
      2004    2005    2006    2007    2008         April 3, 2009

Fixed Charges

                    

Gross Interest Expense

   $ 54,487    $ 44,540    $ 79,375    $ 109,702    $ 130,174       $ 24,057

Interest Element of Rental Expense

     9,672      10,744      12,369      14,804      10,763         2,691

Interest on FIN 48 liabilities

     —        —        —        —        —           —  
                                            

Total Fixed Charges

   $ 64,159    $ 55,284    $ 91,744    $ 124,506    $ 140,937       $ 26,748
                                            

Earnings Available for Fixed Charges:

                    

Earnings from Continuing Operations before income taxes

   $ 1,042,667    $ 1,217,742    $ 1,428,843    $ 1,637,099    $ 1,749,307       $ 316,827

Add fixed charges

     64,159      55,284      91,744      124,506      140,937         26,748

Interest on FIN 48 liabilities

     —        —        —        —        —           —  
                                            

Total Earnings Available for Fixed Charges

   $ 1,106,826    $ 1,273,026    $ 1,520,587    $ 1,761,605    $ 1,890,244       $ 343,575

Ratio of Earnings to Fixed Charges

     17.3      23.0      16.6      14.1      13.4         12.8
                                            

 

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.