EX-12 4 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 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,


     2005

   2004

   2003

   2002

   2001

Earnings

                                  

Earnings before income taxes

   $ 356.2    $ 422.6    $ 315.1    $ 363.5    $ 297.3

Interest expense (excluding amount capitalized)

     46.7      45.9      46.9      42.1      58.8

Portion of rental expense under operating leases representative of an interest factor

     14.0      13.3      12.5      11.2      10.6
    

  

  

  

  

Total earnings

   $ 416.9    $ 481.8    $ 374.5    $ 416.8    $ 366.7
    

  

  

  

  

Fixed charges

                                  

Interest expense (including amount capitalized)

   $ 48.3    $ 46.9    $ 48.0    $ 43.3    $ 60.2

Portion of rental expense under operating leases representative of an interest factor

     14.0      13.3      12.5      11.2      10.6
    

  

  

  

  

Total fixed charges

   $ 62.3    $ 60.2    $ 60.5    $ 54.5    $ 70.8
    

  

  

  

  

Ratio of earnings to fixed charges

     6.7      8.0      6.2      7.6      5.2
    

  

  

  

  

 

Earnings consist principally of earnings before income taxes, plus fixed charges. Fixed charges consist principally of interest costs.

 

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