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 Year Ended ------------------------------------------------------------------ 2003 2002 2001 2000 1999 1998 ------------------------------------------------------------------ Earnings: Income before income taxes $30,358 28,827 34,683 29,894 29,157 59,894 Plus: Fixed Charges 6,019 7,483 7,789 8,486 6,746 5,692 ------- ------ ------ ------ ------ ------ Total $36,377 36,310 42,472 38,380 35,903 65,586 ======= ====== ====== ====== ====== ====== Fixed Charges: Interest expense incl. amortization of debt expense $ 4,748 6,365 6,796 7,669 5,934 4,849 Rentals-portion representative of interest 1,271 1,118 993 817 812 843 ------- ------ ------ ------ ------ ------ Total $ 6,019 7,483 7,789 8,486 6,746 5,692 ======= ====== ====== ====== ====== ====== Ratio of earnings to fixed charges 6.0 4.9 5.5 4.5 5.3 11.5 ======= ====== ====== ====== ====== ======