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
 
     2006      2007      2008      2009      2010      April 1, 2011  

Fixed Charges

                 

Gross Interest Expense

     77,375         107,702         126,470         119,776         118,294         31,406   

Interest Element of Rental Expense

     12,369         14,804         10,763         13,135         15,162         3,790   

Interest on FIN 48 liabilities

     —           —           —           —           —           —     
                                                     

Total Fixed Charges

   $ 89,744       $ 122,506       $ 137,233       $ 132,911       $ 133,456       $ 35,196   
                                                     

Earnings Available for Fixed Charges:

                 

Earnings from Continuing Operations before income taxes

     1,380,150         1,583,187         1,670,991         1,366,842         2,252,739         547,503   

Add fixed charges

     89,744         122,506         137,233         132,911         133,456         35,196   

Interest on FIN 48 liabilities

     —           —           —           —           —           —     
                                                     

Total Earnings Available for Fixed Charges

   $ 1,469,894       $ 1,705,693       $ 1,808,224       $ 1,499,753       $ 2,386,195       $ 582,699   

Ratio of Earnings to Fixed Charges

     16.4         13.9         13.2         11.3         17.9         16.6   
                                                     

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 (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.