EX-12 3 xex-12.txt EXHIBIT 12 ---------- NEWELL RUBBERMAID INC. AND SUBSIDIARIES STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES -----------------------------------
Three Months Ended Six Months Ended June 30, June 30, Earnings available to fixed charges: 2001 2000 2001 2000 ---- ---- ---- ---- (In thousands, except ratio data) Income before income taxes $114,297 $208,154 $175,284 $332,089 Fixed charges: Interest expense 35,596 33,988 74,917 61,837 Portion of rent determined to be interest (1) 8,637 5,953 17,579 16,561 Minority interest in income of subsidiary trust 6,677 6,678 13,354 13,363 Eliminate equity in earnings of unconsolidated entities (1,422) (2,703) (3,728) (4,877) -------- -------- ------- -------- $163,785 $252,070 $277,406 $418,973 ======== ======== ======== ======== Fixed charges: Interest expense $ 35,596 $ 33,988 $ 74,917 $ 61,837 Portion of rent determined to be interest (1) 8,637 5,953 17,579 16,561 Minority interest in income of subsidiary trust 6,677 6,678 13,354 13,363 -------- -------- -------- -------- $ 50,910 $ 46,619 $105,850 $ 91,761 ======== ======== ======== ======== Ratio of earnings to fixed charges 3.22 5.41 2.62 4.57 ======== ======== ======== ======== (1) A standard ratio of 33% was applied to gross rent expense to approximate the interest portion of short-term and long-term leases.
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