EX-12 8 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  
     2008     2007     2006     2005     2004  

Interest expense and amortization of debt expense and premium

   $ 46,945     $ 58,892     $ 54,028     $ 44,098     $ 41,407  

Capitalized interest

     729       764       617       461       398  

Interest in rent expense

     7,337       5,681       4,155       4,059       3,894  
                                        

Total fixed charges

   $ 55,011     $ 65,337     $ 58,800     $ 48,618     $ 45,699  
                                        

Income before taxes and minority interest

   $ 308,260     $ 264,931     $ 213,094     $ 174,883     $ 127,443  

Plus:

          

Fixed Charges

     55,011       65,337       58,800       48,618       45,699  

Amortization of capitalized interest

     438       398       377       358       332  

Distributed income from equity investment

     11,019       7,074       6,668       5,528       3,541  

Less:

          

Capitalized interest

     (729 )     (764 )     (617 )     (461 )     (398 )

Income in earnings from affiliates

     (11,334 )     (8,236 )     (7,135 )     (4,790 )     (15,115 )

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

     (8 )     (6 )     4       91       (4 )
                                        

Earnings as adjusted

   $ 362,657     $ 328,734     $ 271,191     $ 224,227     $ 161,498  
                                        

Ratio of earnings to fixed charges

     6.6       5.0       4.6       4.6       3.5