EX-12.1 2 d354182dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

C. R. BARD, INC. AND SUBSIDIARIES

Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Charges

 

     Six Months
Ended
June 30,
2012		     Years Ended December 31,  
       2011     2010     2009     2008     2007  
(dollars in millions)                                     

Earnings from continuing operations before taxes

    $ 376.9      $ 510.8      $ 717.7      $ 671.5      $ 552.7      $ 579.4   

Add (Deduct):

             

Fixed charges

      22.4        42.7        18.4        17.5        17.4        16.6   

Undistributed earnings of equity investments

      (4.0 )      (3.8 )      (3.6 )      (2.3 )      (1.9 )      (0.7 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings available for fixed charges

    $ 395.3      $ 549.7      $ 732.5      $ 686.7      $ 568.2      $ 595.3   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges:

             

Interest, including amounts capitalized(1)

    $ 19.2      $ 36.4      $ 12.7      $ 11.8      $ 12.1      $ 11.9   

Proportion of rent expense deemed to represent interest factor

      3.2        6.3        5.7        5.7        5.3        4.7   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges

    $ 22.4      $ 42.7      $ 18.4      $ 17.5      $ 17.4      $ 16.6   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      17.65        12.87        39.81        39.24        32.66        35.86   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) 

Interest related to unrecognized tax benefits is included as income tax expense and not included in fixed charges.