EX-12 2 a12-13699_1ex12.htm EX-12

Exhibit 12

 

ECOLAB INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions, except ratios)

 

 

 

Six Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2011

 

2010

 

2009

 

2008

 

2007

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income from continuing operations before income or loss from equity investees

 

$

342.3

 

$

323.4

 

$

679.6

 

$

747.7

 

$

620.1

 

$

651.2

 

$

618.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as computed below

 

184.7

 

51.3

 

125.4

 

105.9

 

107.8

 

112.1

 

97.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings including fixed charges

 

$

527.0

 

$

374.7

 

$

805.0

 

$

853.6

 

$

727.9

 

$

763.3

 

$

715.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense and amortization of debt premiums and discounts related to indebtedness

 

$

154.8

 

$

29.8

 

$

82.1

 

$

65.6

 

$

67.5

 

$

70.8

 

$

58.9

 

Appropriate portion (1/3) of rentals representative of the interest factor

 

29.9

 

21.5

 

43.3

 

40.3

 

40.3

 

41.3

 

38.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

184.7

 

$

51.3

 

$

125.4

 

$

105.9

 

$

107.8

 

$

112.1

 

$

97.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.85

 

7.30

 

6.42

 

8.06

 

6.75

 

6.81

 

7.36