EX-12 6 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)

 

     Six Months
Ended
   Twelve Months Ended
December 31,
     6/30/08    6/30/07    2007    2006    2005    2004    2003

Earnings

                    

Income from continuing operations before income taxes*

   $ 127.8    $ 154.3    $ 141.8    $ 335.6    $ 302.6    $ 343.0    $ 258.2

Interest expense (excluding amount capitalized)

     27.3      29.0      60.9      56.2      46.7      45.9      46.9

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

     12.5      12.2      24.3      24.9      14.0      13.3      12.5
                                                

Total earnings***

   $ 167.6    $ 195.5    $ 227.0    $ 416.7    $ 363.3    $ 402.2    $ 317.6
                                                

Fixed charges

                    

Interest expense (including amount capitalized)

   $ 27.9    $ 29.8    $ 61.9    $ 57.8    $ 48.3    $ 46.9    $ 48.0

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

     12.5      12.2      24.3      24.9      14.0      13.3      12.5
                                                

Total fixed charges

   $ 40.4    $ 42.0    $ 86.2    $ 82.7    $ 62.3    $ 60.2    $ 60.5
                                                

Ratio of earnings to fixed charges

     4.1      4.7      2.6      5.0      5.8      6.7      5.2
                                                

 

* 2003 through 2007 amounts have been retrospectively adjusted to reflect discontinued operations.
** Estimated portion of rent expense representing interest.
*** Earnings consist principally of income from continuing operations before income taxes, plus fixed charges. Fixed charges consist principally of interest costs.