EX-12 2 c01752exv12.htm STATEMENT OF COMPUTATION OF EARNINGS TO FIXED CHARGES exv12
 

EXHIBIT 12
NEWELL RUBBERMAID INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                         
    YEAR ENDED DECEMBER 31,  
(in millions, except per share data)   2005     2004     2003     2002     2001  
     
EARNINGS AVAILABLE TO FIXED CHARGES:
                                        
Income from continuing operations before income taxes
     $418.1       $174.6       $337.7       $424.5       $341.1  
Fixed charges -
                                        
Interest expense
     142.1       129.7       140.1       137.3       137.5  
Portion of rent determined to be interest
     39.4       40.1       37.1       35.8       32.0  
Minority interest in income of subsidiary trust
     —       —       —       —       26.7  
Equity earnings
     (0.9 )     (0.9 )     —       (0.8 )     (7.2 )
     
 
     $598.7       $343.5       $514.9       $596.8       $530.1  
     
FIXED CHARGES:
                                        
Interest expense
     $142.1       $129.7       $140.1       $137.3       $137.5  
Portion of rent determined to be interest
     39.4       40.1       37.1       35.8       32.0  
Minority interest in income of subsidiary trust
     —       —       —       —       26.7  
     
 
     $181.5       $169.8       $177.2       $173.1       $196.2  
     
RATIO OF EARNINGS TO FIXED CHARGES
     3.30       2.02       2.91       3.45       2.70  
     
(1)  
A standard ratio of 33% was applied to gross rent expense to approximate the interest portion of short-term and long-term leases.