EX-12 4 dex12.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES. Computation of ratios of earnings to fixed charges.

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES

Exhibit 12—Ratio of Earning to Fixed Charges

(In thousands)

 

     Years ended December 31  
     2007     2006     2005     2004     2003  

Interest expense and amortization of debt expense and premium

   $ 58,892     $ 54,028     $ 44,098     $ 41,407     $ 20,400  

Capitalized interest

     764       617       461       398       403  

Interest in rent expense

     5,681       4,155       4,059       3,894       2,805  
                                        

Total fixed charges

   $ 65,337     $ 58,800     $ 48,618     $ 45,699     $ 23,608  
                                        

Income before taxes and minority interest

   $ 264,931     $ 213,094     $ 174,883     $ 127,443     $ 116,965  

Plus:

          

Fixed Charges

     65,337       58,800       48,618       45,699       23,608  

Amortization of capitalized interest

     398       377       358       332       299  

Distributed income from equity investment

     7,074       6,668       5,528       3,541       2,970  

Less:

          

Capitalized interest

     (764 )     (617 )     (461 )     (398 )     (403 )

Income in earnings from affiliates

     (8,236 )     (7,135 )     (4,790 )     (15,115 )     (28,632 )

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

     (6 )     4       91       (4 )     (30 )
                                        

Earnings as adjusted

   $ 328,734     $ 271,191     $ 224,227     $ 161,498     $ 114,777  
                                        

Ratio of earnings to fixed charges

     5.0       4.6       4.6       3.5       4.9