Exhibit 12.1
Church & Dwight Co., Inc
Ratio of Earnings to Fixed Charges
Three months ended |
Years ended December 31, |
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April 2, 2004 |
2003 |
2002 |
2001 |
2000 |
1999 |
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Interest Expense |
4,104 | 18,214 | 22,027 | 11,154 | 4,856 | 2,760 | ||||||||||||
Capitalized Interest |
27 | 403 | 603 | 432 | 284 | 421 | ||||||||||||
Deferred Financing Amortization |
427 | 2,187 | 1,947 | 1,318 | — | — | ||||||||||||
Interest in Rent Expense |
701 | 2,805 | 2,937 | 1,666 | 922 | 896 | ||||||||||||
Total Fixed Charges |
5,259 | 23,609 | 27,514 | 14,570 | 6,062 | 4,077 | ||||||||||||
Total Rent Exp. |
2,125 | 8,501 | 8,901 | 5,048 | 2,794 | 2,715 | ||||||||||||
Interest rate |
33.00 | % | 33.00 | % | 33.00 | % | 33.00 | % | 33.00 | % | 33.00 | % | ||||||
Interest exp in rent |
701 | 2,805 | 2,937 | 1,666 | 922 | 896 | ||||||||||||
Income before taxes and minority interest |
44,642 | 116,965 | 101,235 | 77,744 | 52,161 | 72,703 | ||||||||||||
Plus: |
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Fixed Charges |
5,259 | 23,609 | 27,514 | 14,570 | 6,062 | 4,077 | ||||||||||||
Amort. of cap. Interest |
67 | 246 | 204 | 161 | 131 | 102 | ||||||||||||
Distributed income from equity invest. |
1,218 | 4,570 | 4,670 | 6,350 | 4,132 | 3,354 | ||||||||||||
Less: |
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Cap. Interest |
(27 | ) | (403 | ) | (603 | ) | (432 | ) | (284 | ) | (421 | ) | ||||||
Income in earnings from affiliates |
(9,824 | ) | (28,632 | ) | (21,520 | ) | 6,195 | (3,011 | ) | (6,366 | ) | |||||||
Min int. in pre-tax income of subs’ that have not incurred fixed charges |
(6 | ) | (30 | ) | (143 | ) | (3,889 | ) | (287 | ) | (525 | ) | ||||||
Total Earnings |
41,329 | 116,325 | 111,357 | 100,699 | 58,904 | 72,924 | ||||||||||||
Ratio |
7.86 | 4.93 | 4.05 | 6.91 | 9.72 | 17.89 |