EX-12 4 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES. Computation of Ratio of Earnings to Fixed Charges.

Exhibit 12

Biomet, Inc.

Computation of Ratio of Earnings to Fixed Charges

(In millions, except ratios)

 

     Successor         Predecessor
           Period from         Period from    

 

Years Ended May 31,

     Year Ended
May 31, 2009
    July 12, 2007 -
May 31, 2008
        June 1, 2007 -
July 11, 2007
    2007    2006    2005    2004

Earnings:

                   

Earnings (loss) before income taxes

   $ (920.4   $ (1,194.3     $ (81.9   $ 501.6    $ 611.0    $ 546.5    $ 500.7

Add: Fixed charges (per below)

     618.9        603.1          0.3        9.3      11.7      9.2      4.2
                                                     

Total earnings (loss)

   $ (301.5   $ (591.2     $ (81.6   $ 510.9    $ 622.7    $ 555.7    $ 504.9
 

Fixed charges:

                   

Interest expense

   $ 550.3      $ 516.3        $ 0.3      $ 9.3    $ 11.7    $ 9.2    $ 4.2

Amortization of bond premium

     0.5        0.4          -        -      -      -      -

Deferred financing costs

     68.1        86.4          -        -      -      -      -
                                                     

Total fixed charges

   $ 618.9      $ 603.1        $ 0.3      $ 9.3    $ 11.7    $ 9.2    $ 4.2
 

Ratio of earnings to fixed charges

     N/A  (1)      N/A  (1)        N/A  (1)      54.9      53.2      60.4      120.2

 

(1) Earnings were inadequate to cover fixed charges for the year ended May 31, 2009, for the period July 12, 2007 through May 31, 2008, and for the period June 1, 2007 through July 11, 2007 by $920.4 million, $1,194.3 million, and $81.9 million, respectively.