EXHIBIT 12
Apogent Technologies Inc.
Computation of Ratio of Earnings to Fixed Charges
Fiscal Year Ended September 30, | Pro forma 2002 | Six Months Ended March 31, | Pro forma 2003 | ||||||||||||||||||||||||
1998 | 1999 | 2000 | 2001 | 2002 | 2002 | 2003 | |||||||||||||||||||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | ||||||||||||||||||||||
Fixed Charges: | |||||||||||||||||||||||||||
Interest expense | $ | 35,270 | $ | 41,228 | $ | 49,584 | $ | 48,820 | $ | 40,737 | $ | 55,757 | $ | 20,578 | $ | 20,792 | $ | 28,302 | |||||||||
Deferred financing | 151 | 224 | 521 | 472 | 3,461 | 3,531 | 1,741 | 1,803 | 1,838 | ||||||||||||||||||
1/3 Rental expense | 1,343 | 2,235 | 2,905 | 3,575 | 4,467 | 4,467 | 1,931 | 2,288 | 2,288 | ||||||||||||||||||
$ | 36,764 | $ | 43,687 | $ | 53,010 | $ | 52,867 | $ | 48,665 | $ | 63,755 | $ | 24,250 | $ | 24,883 | $ | 32,428 | ||||||||||
Earnings: | |||||||||||||||||||||||||||
Pre tax income from continuing operations | $ | 85,789 | $ | 119,333 | $ | 134,759 | $ | 166,894 | $ | 205,311 | $ | 205,311 | $ | 95,397 | $ | 93,983 | $ | 93,983 | |||||||||
Add: Fixed charges | 36,764 | 43,687 | 53,010 | 52,867 | 48,665 | 63,755 | 24,250 | 24,883 | 32,428 | ||||||||||||||||||
Earnings | 122,553 | 163,020 | 187,769 | 219,761 | 253,976 | 269,066 | 119,647 | 118,866 | 126,411 | ||||||||||||||||||
Ratio of Earnings to Fixed Charges | 3.3 | 3.7 | 3.5 | 4.2 | 5.2 | 4.2 | 4.9 | 4.8 | 3.9 | ||||||||||||||||||
Rental Expense | $ | 4,028 | $ | 6,704 | $ | 8,716 | $ | 10,725 | $ | 13,402 | $ | 13,402 | $ | 5,792 | $ | 6,863 | $ | 6,863 | |||||||||