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EDWARDS LIFESCIENCES CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year ended December 31, | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||
| (Dollars in millions) | |||||||||||||||
Earnings: | ||||||||||||||||
Income before provision for income taxes | $ | 515.3 | $ | 391.1 | $ | 283.6 | $ | 268.2 | $ | 304.4 | ||||||
Add: | ||||||||||||||||
Fixed charges | 10.7 | 4.9 | 3.5 | 2.7 | 3.1 | |||||||||||
Distributed income of equity investees | — | 0.4 | — | 0.7 | 0.9 | |||||||||||
| | | | | | | | | | | | | | | | |
Earnings, as adjusted | $ | 526.0 | $ | 396.4 | $ | 287.1 | $ | 271.6 | $ | 308.4 | ||||||
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Fixed charges: | ||||||||||||||||
Interest expense | $ | 9.8 | $ | 4.4 | $ | 3.1 | $ | 2.4 | $ | 2.7 | ||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 0.9 | 0.5 | 0.4 | 0.3 | 0.4 | |||||||||||
| | | | | | | | | | | | | | | | |
Fixed charges | $ | 10.7 | $ | 4.9 | $ | 3.5 | $ | 2.7 | $ | 3.1 | ||||||
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Ratio of earnings to fixed charges | 49.3 | 81.0 | 81.2 | 99.9 | 100.4 |
EDWARDS LIFESCIENCES CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES