EX-12 7 dex12.htm COMPUTATION OF RATIOS. Computation of ratios.

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES

EXHIBIT 12—Ratio of Earnings to Fixed Charges

(In thousands)

 

     Years ended December 31  
     2005     2004     2003     2002     2001  

Interest expense and amortization of debt expense and premium

   $ 44,098     $ 41,407     $ 20,400     $ 23,974     $ 12,472  

Capitalized interest

     461       398       403       603       432  

Interest in rent expense

     4,059       3,894       2,805       2,937       1,666  
                                        

Total Fixed Charges

   $ 48,618     $ 45,699     $ 23,608     $ 27,514     $ 14,570  
                                        

Income before taxes and minority interest

   $ 174,883     $ 127,443     $ 116,965     $ 101,235     $ 77,744  

Plus:

          

Fixed Charges

     48,618       45,699       23,608       27,514       14,570  

Amortization of capitalized interest

     358       332       299       257       213  

Distributed income from equity invest

     5,528       3,541       2,970       4,670       6,350  

Less:

          

Capitalized interest

     (461 )     (398 )     (403 )     (603 )     (432 )

Income in earnings from affiliates

     (4,790 )     (15,115 )     (28,632 )     (21,520 )     6,195  

Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges

     91       (4 )     (30 )     (143 )     (3,889 )
                                        

Earnings as adjusted

   $ 224,227     $ 161,498     $ 114,777     $ 111,410     $ 100,751  
                                        

Ratio of earnings to fixed charges

     4.6       3.5       4.9       4.0       6.9