EX-12.1 2 d540735dex121.htm EX-12.1 EX-12.1

EXHIBIT 12.1

C. R. BARD, INC. AND SUBSIDIARIES

Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Charges

 

     Six Months
     Years Ended December 31,  
     Ended
June 30,
2013		     2012     2011     2010     2009     2008  
(dollars in millions)                                     

(Loss) earnings from operations before taxes

    $ (8.3 )    $ 732.4      $ 510.8      $ 717.7      $ 671.5      $ 552.7   

Add (Deduct):

             

Fixed charges

      25.8        46.1        42.7        18.4        17.5        17.4   

Undistributed earnings of equity investments

      (0.9 )      (9.6 )      (3.8 )      (3.6 )      (2.3 )      (1.9 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings available for fixed charges

    $ 16.6      $ 768.9      $ 549.7      $ 732.5      $ 686.7      $ 568.2   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges:

             

Interest, including amounts capitalized(1)

    $ 22.5      $ 39.6      $ 36.4      $ 12.7      $ 11.8      $ 12.1   

Proportion of rent expense deemed to represent interest factor

      3.3        6.5        6.3        5.7        5.7        5.3   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges

    $ 25.8      $ 46.1      $ 42.7      $ 18.4      $ 17.5      $ 17.4   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges(2)

      —          16.68        12.87        39.81        39.24        32.66   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) 

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

(2) 

For the six months ended June 30, 2013, earnings are insufficient by $9.2 million to cover fixed charges.