EX-12 2 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
     Nine Months Ended
February 28,
    Period From
July 12, 2007  -

May 31, 2008
         Period From
June 1, 2007  -

July 11, 2007
    Years Ended May 31,
     2010     2009              2007    2006    2005    2004

Earnings:

                       

Earnings (loss) before income taxes

   $ (97.4   $ (684.0   $ (1,194.3       $ (81.9   $ 501.6    $ 611.0    $ 546.5    $ 500.7
 

Add: Fixed charges (per below)

     389.6        483.9        603.1            0.3        9.3      11.7      9.2      4.2
 

Total earnings (loss)

   $ 292.2      $ (200.1   $ (591.2       $ (81.6   $ 510.9    $ 622.7    $ 555.7    $ 504.9
 

Fixed charges:

                       

Interest expense(2)

   $ 389.6      $ 483.9      $ 603.1          $ 0.3      $ 9.3    $ 11.7    $ 9.2    $ 4.2
                                                               

Total fixed charges

   $ 389.6      $ 483.9      $ 603.1          $ 0.3      $ 9.3    $ 11.7    $ 9.2    $ 4.2
                                                               

Ratio of earnings to fixed charges

     0.8        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 nine months ended February 28, 2009, for the period July 12, 2007 through May 31, 2008, and for the period June 1, 2007 through July 11, 2007 by $684.0 million, $1,194.3 million, and $81.9 million, respectively.
(2) Interest expense includes the amortization of deferred financing costs and bond premium.