EXHIBIT 12
Apogent Technologies
Computation of Ratio of Earnings to Fixed Charges
Pro Forma (a) | Years Ended September 30, (in thousands) | |||||||||||||||||
2003 | 2003 | 2002 | 2001 | 2000 | 1999 | |||||||||||||
Fixed Charges: | ||||||||||||||||||
Interest expense | $ | 20,875 | $ | 46,227 | $ | 40,737 | $ | 48,820 | $ | 49,584 | $ | 41,228 | ||||||
Deferred financing | 5,846 | 4,046 | 3,461 | 472 | 521 | 224 | ||||||||||||
1/3 Rental expense | 5,203 | 5,203 | 4,374 | 3,424 | 2,905 | 2,235 | ||||||||||||
$ | 31,924 | $ | 55,476 | $ | 48,572 | $ | 52,716 | $ | 53,010 | $ | 43,687 | |||||||
Earnings: | ||||||||||||||||||
Pre tax income from continuing operations | $ | 145,709 | $ | 122,157 | $ | 205,311 | $ | 163,411 | $ | 134,759 | $ | 145,750 | ||||||
Add: Fixed Charges | 31,924 | 55,476 | 48,572 | 52,716 | 53,010 | 43,687 | ||||||||||||
Earnings | 177,633 | 177,633 | 253,883 | 216,127 | 187,769 | 189,437 | ||||||||||||
Ratio of Earnings to Fixed Charges | 5.6 | 3.2 | 5.2 | 4.1 | 3.5 | 4.3 | ||||||||||||
Rental Expense | $ | 15,608 | $ | 15,608 | $ | 13,123 | $ | 10,272 | $ | 8,716 | $ | 6,704 | ||||||
(a) | The ratio of earnings to fixed charges, after giving pro forma effect to the private placement of CODES and the application of the proceeds therefrom, for the year ended September 30, 2003, assuming the sale of the CODES was completed on October 1, 2002. The pro forma information is based upon the assumption that the proceeds of the CODES were applied to repurchase the Company’s 8% senior notes on October 1, 2002. |