EX-12.1 8 d257309dex121.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)

 

     Year Ended December 31  
     2007      2008      2009      2010      2011  

Fixed Charges:

              

Gross Interest Expense

     106,289         125,175         118,654         117,167         141,637   

Interest Element of Rental Expense

     14,804         10,763         13,135         15,162         19,840   

Interest on FIN 48 liabilities

     —           —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Fixed Charges

   $ 121,093       $ 135,938       $ 131,789       $ 132,329       $ 161,477   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Earnings Available for

              

Fixed Charges:

              

Earnings from Continuing Operations before income taxes

     1,326,062         1,642,887         1,326,062         2,229,559         2,447,849   

Add fixed charges

     121,093         135,938         131,789         132,329         161,477   

Interest on FIN 48 liabilities

     —           —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Earnings Available for Fixed Charges

   $ 1,447,155       $ 1,778,825       $ 1,457,851       $ 2,361,888       $ 2,609,326   

Ratio of Earnings to Fixed Charges

     12.0         13.1         11.1         17.8         16.2   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

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.