EX-12 12 dex12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 LEGGETT AND PLATT, INCORPORATED AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Amounts in millions of dollars)
Twelve Months Ended December 31, 2001 2000 1999 1998 1997 ---------------------------------------------------------------- Earnings Income from continuing operations before income tax $297.3 $418.6 $462.6 $395.6 $333.3 Interest expense (excluding amount capitalized) 58.8 66.3 43.0 38.5 31.8 Portion of rental expense under operating leases representative of an interest factor 10.6 9.4 8.2 6.7 6.1 ---------------------------------------------------------------- Total earnings $366.7 $494.3 $513.8 $440.8 $371.2 ================================================================ Fixed charges Interest expense (including amount capitalized) $60.2 $67.7 $44.0 $39.2 $32.7 Portion of rental expense under operating leases representative of an interest factor 10.6 9.4 8.2 6.7 6.1 ---------------------------------------------------------------- Total fixed charges $70.8 $77.1 $52.2 $45.9 $38.8 ================================================================ Ratio of earnings to fixed charges 5.2 6.4 9.8 9.6 9.6 ================================================================
Earnings consist principally of income from continuing operations before income taxes, plus fixed charges. Fixed charges consist principally of interest costs.