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
     Six Months Ended
November 30,
    Period from
July 12, 2007 -
May 31, 2008
          Period from
June 1, 2007 -
July 11, 2007
    Years Ended May 31,
     2009     2008            2006    2005    2004

Earnings:

                     

Earnings (loss) before income taxes

   $ (73.5   $ (163.9   $ (1,194.3        $ (81.9   $ 611.0    $ 546.5    $ 500.7
 

Add: Fixed charges (per below)

     324.4        354.3        603.1             0.3        11.7      9.2      4.2
 

Total earnings (loss)

   $ 250.9      $ 190.4      $ (591.2        $ (81.6   $ 622.7    $ 555.7    $ 504.9
 

Fixed charges:

                     

Interest expense

   $ 261.6      $ 280.3      $ 516.3           $ 0.3      $ 11.7    $ 9.2    $ 4.2

Amortization of bond premium

     0.4        0.3        0.4             —          —        —        —  

Deferred financing costs

     62.4        73.7        86.4             —          —        —        —  
                                                         

Total fixed charges

   $ 324.4      $ 354.3      $ 603.1           $ 0.3      $ 11.7    $ 9.2    $ 4.2
                                                         

Ratio of earnings to fixed charges

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

 

(1) Earnings were inadequate to cover fixed charges for the six months ended November 30, 2009 and 2008, for the period July 12, 2007 through November 30, 2008, and for the period June 1, 2007 through July 11, 2007 by $73.5 million, $163.9 million, $1,194.3 million, and $81.9 million, respectively.