EX-12.1 7 dex121.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

Danaher Corporation

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

(In Thousands, except ratio data)

 

          Six Months
Ended
July 3, 2009
     2004    2005    2006    2007    2008   

Fixed Charges

                  

Gross Interest Expense

    $ 54,487    $ 44,540      79,375      109,702      130,174      55,386

Interest Element of Rental Expense

      9,672      10,744      12,369      14,804      10,763      5,382

Interest on FIN 48 liabilities

      —        —        —        —        —     
                                         

Total Fixed Charges

    $ 64,159    $ 55,284    $ 91,744    $ 124,506    $ 140,937    $ 60,768
                                         

Earnings Available for Fixed Charges:

                  

Earnings before income taxes

    $ 1,042,667    $ 1,217,742      1,428,843      1,637,099      1,749,307      630,570

Add fixed charges

      64,159      55,284      91,744      124,506      140,937      60,768

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    $ 691,338

Ratio of Earnings to Fixed Charges

      17.3      23.0      16.6      14.1      13.4      11.4
                                         

 

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 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.