EX-12.1 5 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)

 

                                             Nine Months
Ended
 
     2005      2006      2007      2008      2009      October 1, 2010  

Fixed Charges

                 

Gross Interest Expense

   $ 44,540         79,375         109,702         130,174         122,656         92,128   

Interest Element of Rental Expense

     10,744         12,369         14,804         10,763         13,135         8,330   

Interest on FIN 48 liabilities

     —           —           —           —           —        
                                                     

Total Fixed Charges

   $ 55,284       $ 91,744       $ 124,506       $ 140,937       $ 135,791       $ 100,458   
                                                     

Earnings Available for Fixed Charges:

                 

Earnings from Continuing Operations before income taxes

   $ 1,217,742         1,428,843         1,637,099         1,749,307         1,424,854         1,743,144   

Add fixed charges

     55,284         91,744         124,506         140,937         135,791         100,458   

Interest on FIN 48 liabilities

     —           —           —           —           —           —     
                                                     

Total Earnings Available for Fixed Charges

   $ 1,273,026       $ 1,520,587       $ 1,761,605       $ 1,890,244       $ 1,560,645       $ 1,843,602   

Ratio of Earnings to Fixed Charges

     23.0         16.6         14.1         13.4         11.5         18.4   
                                                     

 

    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 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.