- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
- 10-K Annual report
- 12 Statement Regarding Computation of Ratio of Earnings to Fixed Charges
- 21 List of Subsidiaries of Neenah Paper, Inc.
- 23 Consent of Deloitte & Touche LLP
- 31.1 Certification of Chief Executive Officer Required by Rule 13A 14(A) or Rule 15D 14(A)
- 31.2 Certification of Chief Financial Officer Required by Rule 13A 14(A) or Rule 15D 14(A)
- 32 Certification of CEO & CFO Required by Rule 13A 14(B) or Rule 15D 14(B) of the Exchange Act
Exhibit 12
NEENAH PAPER, INC. AND SUBSIDIARIES
STATEMENT REGARDING THE COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio of earnings to fixed charges)
|
| Year Ended December 31, |
| |||||||||||||
|
| 2007 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
| |||||
Income from continuing operations before taxes |
| $ | 41.8 |
| $ | 151.9 |
| $ | 35.2 |
| $ | 84.4 |
| $ | 76.5 |
|
Plus fixed charges |
| 26.5 |
| 20.1 |
| 18.9 |
| 1.7 |
| 0.2 |
| |||||
Numerator |
| $ | 68.3 |
| $ | 172.0 |
| $ | 54.1 |
| $ | 86.1 |
| $ | 76.7 |
|
Interest expense (including amortization of debt issuance costs) |
| $ | 25.5 |
| $ | 19.4 |
| $ | 18.5 |
| $ | 1.4 |
| $ | — |
|
Interest portion of rent expense (a) |
| 1.0 |
| 0.7 |
| 0.4 |
| 0.3 |
| 0.2 |
| |||||
Fixed charges |
| $ | 26.5 |
| $ | 20.1 |
| $ | 18.9 |
| $ | 1.7 |
| $ | 0.2 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Ratio of earnings to fixed charges |
| 2.6 | x | 8.6 | x | 2.9 | x | 50.6 | x | 383.5 | x |
(a) Represents one-third of rent expense which is deemed to be the financing portion of the lease agreements.