EX-12 8 dex12.htm STATEMENTS REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES STATEMENTS REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

EXHIBIT 12

 

Apogent Technologies

Computation of Ratio of Earnings to Fixed Charges

 

     Pro Forma (a)

  

Years Ended September 30,

(in thousands)


     2003

   2003

   2002

   2001

   2000

   1999

Fixed Charges:

                                         

Interest expense

   $ 20,875    $ 46,227    $ 40,737    $ 48,820    $ 49,584    $ 41,228

Deferred financing

     5,846      4,046      3,461      472      521      224

1/3 Rental expense

     5,203      5,203      4,374      3,424      2,905      2,235
    

  

  

  

  

  

     $ 31,924    $ 55,476    $ 48,572    $ 52,716    $ 53,010    $ 43,687

Earnings:

                                         

Pre tax income from continuing operations

   $ 145,709    $ 122,157    $ 205,311    $ 163,411    $ 134,759    $ 145,750

Add: Fixed Charges

     31,924      55,476      48,572      52,716      53,010      43,687

Earnings

     177,633      177,633      253,883      216,127      187,769      189,437

Ratio of Earnings to Fixed Charges

     5.6      3.2      5.2      4.1      3.5      4.3
    

  

  

  

  

  

Rental Expense

   $ 15,608    $ 15,608    $ 13,123    $ 10,272    $ 8,716    $ 6,704
    

  

  

  

  

  


(a) The ratio of earnings to fixed charges, after giving pro forma effect to the private placement of CODES and the application of the proceeds therefrom, for the year ended September 30, 2003, assuming the sale of the CODES was completed on October 1, 2002. The pro forma information is based upon the assumption that the proceeds of the CODES were applied to repurchase the Company’s 8% senior notes on October 1, 2002.