EX-12.1 11 exhibit121q42016.htm EXHIBIT 12.1 Exhibit


DENTSPLY SIRONA Inc.
 
 
 
 
 
 
 
 
 
 
Computation of Ratios of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
Exhibit 12.1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(in millions except ratios)
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
 
2013
 
2012
Consolidated Earnings:
 
 
 
 
 
 
 
 
 
 
  Pre-tax income from continuing operations
 
$
440.9

 
$
329.7

 
$
404.4

 
$
369.3

 
$
330.7

  before adjustment for income or loss from
 
 
 
 
 
 
 
 
 
 
  equity interests
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Add fixed charges computed below
 
58.3

 
83.8

 
69.7

 
72.7

 
82.2

 
 
 
 
 
 
 
 
 
 
 
  Net adjustments for capitalized interest
 
0.1

 
0.1

 
0.1

 
0.1

 
—

 
 
 
 
 
 
 
 
 
 
 
Consolidated Earnings Available for Fixed Charges
 
$
499.3

 
$
413.6

 
$
474.2

 
$
442.1

 
$
412.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense per financial statements (a)
 
$
35.9

 
$
55.9

 
$
46.9

 
$
49.6

 
$
56.9

 
 
 
 
 
 
 
 
 
 
 
  Interest expense - capitalized
 
0.3

 
0.6

 
0.2

 
0.2

 
0.1

 
 
 
 
 
 
 
 
 
 
 
  Amortization of deferred financing
 
4.5

 
11.3

 
4.6

 
5.0

 
7.0

 
 
 
 
 
 
 
 
 
 
 
One-third of rental expense representing reasonable approximation of the interest factor
 
17.6

 
16.0

 
18.0

 
17.9

 
18.2

 
 
 
 
 
 
 
 
 
 
 
Consolidated Fixed Charges
 
$
58.3

 
$
83.8

 
$
69.7

 
$
72.7

 
$
82.2

 
 
 
 
 
 
 
 
 
 
 
Consolidated Ratio of Earnings to Fixed Charges
 
8.56

 
4.94

 
6.80

 
6.08

 
5.02

 
 
 
 
 
 

 

 

(a) Does not include interest related to uncertain tax positions.