EX-12 5 s-3exh12.txt COMPUTATION OF EARNINGS EXHIBIT 12.1 CHURCH & DWIGHT CO., INC. RATIO OF EARNINGS TO FIXED CHARGES
Years ended December 31, Six months ended ------------------------------------------------- --------------------------- 2002 2001 2000 1999 1998 June 27,2003 June 28,2002 ------------------------------------------------- --------------------------- Interest Expense 22,027 11,154 4,856 2,760 2,653 8,892 11,340 Capitalized Interest 603 432 284 421 381 155 182 Deferred Financing Amortization 1,947 1,318 - - - 1,003 845 Interest in Rent Expense 2,937 1,666 922 896 931 1,469 1,469 ---------------------------------------------------- ------------------------- Total Fixed Charges 27,514 14,570 6,062 4,077 3,965 11,519 13,836 Total Rent Exp. 8,901 5,048 2,794 2,715 2,821 4,451 4,451 Interest rate 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% Interest exp in rent 2,937 1,666 922 896 931 1,469 1,469 Income before taxes and minority interest 101,235 77,744 52,161 72,703 46,186 65,886 51,534 Plus: Fixed Charges 27,514 14,570 6,062 4,077 3,965 11,519 13,836 Amort. of cap. Interest 204 161 131 102 68 102 102 Distributed income from equity invest. 4,670 6,350 4,132 3,354 4,756 2,255 1,627 Less: Cap. Interest (603) (432) (284) (421) (381) (155) (182) Income in earnings from affiliates (21,520) 6,195 (3,011) (6,366) (5,276) (20,680) (12,281) Min int. in pre-tax income of subs' that have not incurred fixed charges (143) (3,889) (287) (525) - (15) (129) ------------------------------------------------- ------------------------- Total Earnings 111,357 100,699 58,904 72,924 49,318 58,912 54,507 Ratio 4.05 6.91 9.72 17.89 12.44 5.11 3.94