EX-12.1 4 dex121.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

DANAHER CORPORATION AND SUBSIDIARIES

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

($ IN THOUSANDS, EXCEPT RATIO DATA)

 

     2006      2007      2008      2009      2010  

Fixed Charges:

              

Gross Interest Expense

   $ 79,375       $ 109,702       $ 130,174       $ 122,656       $ 120,775   

Interest Element of Rental Expense

     12,369         14,804         10,763         13,135         15,162   

Interest on FIN 48 liabilities

     —           —           —           —           —     
                                            

Total Fixed Charges

   $ 91,744       $ 124,506       $ 140,937       $ 135,791       $ 135,937   
                                            

Earnings Available for Fixed Charges:

Earnings from Continuing Operations before income taxes

   $ 1,428,843       $ 1,637,099       $ 1,749,307       $ 1,424,854       $ 2,319,938   

Add Fixed Charges

     91,744         124,506         140,937         135,791         135,937   

Interest on FIN 48 liabilities

     —           —           —           —           —     
                                            

Total Earnings Available for Fixed Charges

   $ 1,520,587       $ 1,761,605       $ 1,890,244       $ 1,560,645       $ 2,455,875   

Ratio of Earnings to Fixed Charges

     16.6         14.1         13.4         11.5         18.1   
                                            

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 (excluding earnings from 50% owned affiliates) 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.

 

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