EX-12 7 d235241dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12

The Scotts Miracle-Gro Company

Computation of Ratio of Earnings to Fixed Charges

 

($ IN MILLIONS)

    For the Fiscal Year Ended September 30,  
     2011     2010     2009     2008     2007  

Income from continuing operations before income taxes

    $ 194.8      $ 319.9      $ 208.1      $ 47.6      $ 200.4   

Fixed charges

      77.2        69.4        77.7        104.2        95.2   

Other (1)

      0.5        0.5        0.8        0.7        (0.5 ) 

Interest Capitalized

      (0.9 )      (0.8 )      (0.4 )      (0.4 )      (0.4 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total adjusted earnings available for payment of fixed charges

    $ 271.6      $ 389.0      $ 286.2      $ 152.1      $ 294.7   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges:

           

Interest expense

    $ 53.9      $ 46.8      $ 56.4      $ 82.2      $ 70.7   

Interest Capitalized

      0.9        0.8        0.4        0.4        0.4   

Rental expense representative of interest factor

      22.4        21.8        20.9        21.6        24.1   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Fixed Charges

    $ 77.2      $ 69.4      $ 77.7      $ 104.2      $ 95.2   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges

      3.5        5.6        3.7        1.5        3.1   

 

(1)

Includes amortization of capitalized interest, adjustments for minority interests in consolidated subsidiaries and distributed earnings of equity investees.