EX-12 4 exh12.txt EXHIBIT 12 RATIO OF EARNINGS TO FIXED CHARGES GARDNER DENVER, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN THOUSANDS)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, FOR THE YEAR ENDED ------------- -------------------------------------------------- 2003 2002 2001 2000 1999 1998 ------------- ------ ------ ------ ------ ------ Earnings: Income before income taxes $ 20,799 28,827 34,683 29,894 29,157 59,894 Plus: Fixed Charges 4,378 7,483 7,789 8,486 6,746 5,692 -------- ------ ------ ------ ------ ------ Total $ 25,177 36,310 42,472 38,380 35,903 65,586 ======== ====== ====== ====== ====== ====== Fixed Charges: Interest expense incl. amortization of debt expense $ 3,411 6,365 6,796 7,669 5,934 4,849 Rentals-portion representative of interest 967 1,118 993 817 812 843 -------- ------ ------ ------ ------ ------ Total $ 4,378 7,483 7,789 8,486 6,746 5,692 ======== ====== ====== ====== ====== ====== Ratio of earnings to fixed charges 5.8 4.9 5.5 4.5 5.3 11.5 ======== ====== ====== ====== ====== ======