Apogent Technologies Inc. | EXHIBIT 12 | |||||||||||||||||||||||||||||
Computation of Ratio of Earnings to Fixed Charges | ||||||||||||||||||||||||||||||
(in thousands, except ratios) | ||||||||||||||||||||||||||||||
Twelve June 30, | Nine Months Ended June 30, | Years Ended September 30, | ProForma Nine | ProForma Year Ended | ||||||||||||||||||||||||||
2003 | 2003 | 2002 | 2002 | 2001 | 2000 | 1999 | 1998 | 2003 | 2002 | |||||||||||||||||||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||||
Interest expense | $ | 42,313 | $ | 32,427 | $ | 30,851 | $ | 40,737 | $ | 48,820 | $ | 49,584 | $ | 41,228 | $ | 35,270 | $ | 44,615 | $ | 56,987 | ||||||||||
Deferred financing | 3,590 | 2,809 | 2,680 | 3,461 | 472 | 521 | 224 | 151 | 2,809 | 3,461 | ||||||||||||||||||||
1/3 Rental expense | 4,725 | 3,536 | 3,278 | 4,467 | 3,575 | 2,905 | 2,235 | 1,343 | 3,536 | 4,467 | ||||||||||||||||||||
$ | 50,628 | $ | 38,772 | $ | 36,809 | $ | 48,665 | $ | 52,867 | $ | 53,010 | $ | 43,687 | $ | 36,764 | $ | 50,960 | $ | 64,915 | |||||||||||
Earnings: | ||||||||||||||||||||||||||||||
Pre tax income from continuing operations | $ | 201,161 | $ | 144,791 | $ | 148,941 | $ | 205,311 | $ | 166,894 | $ | 134,759 | $ | 119,333 | $ | 85,789 | $ | 136,754 | $ | 189,061 | ||||||||||
Add: Fixed charges | 50,628 | 38,772 | 36,809 | 48,665 | 52,867 | 53,010 | 43,687 | 36,764 | 50,960 | 64,915 | ||||||||||||||||||||
Earnings | 251,789 | 183,563 | 185,750 | 253,976 | 219,761 | 187,769 | 163,020 | 122,553 | 187,714 | 253,976 | ||||||||||||||||||||
Ratio of Earnings to Fixed Charges | 5.0 | 4.7 | 5.0 | 5.2 | 4.2 | 3.5 | 3.7 | 3.3 | 3.7 | 3.9 | ||||||||||||||||||||
Rental Expense | $ | 14,177 | $ | 10,608 | $ | 9,833 | $ | 13,402 | $ | 10,725 | $ | 8,716 | $ | 6,704 | $ | 4,028 | $ | 10,608 | $ | 13,402 | ||||||||||