Exhibit 12
COLFAX CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
Year Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before income taxes | $ | 358,248 | $ | 302,795 | $ | 48,439 | $ | 19,987 | $ | 27,688 | ||||||||||
Plus: fixed charges | 64,582 | 115,399 | 104,739 | 7,542 | 8,214 | |||||||||||||||
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Earnings available to cover fixed charges | $ | 422,830 | $ | 418,194 | $ | 153,178 | $ | 27,529 | $ | 35,902 | ||||||||||
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Fixed charges: | ||||||||||||||||||||
Interest expense, including amortization of deferred financing costs | $ | 51,305 | $ | 103,597 | $ | 91,570 | $ | 5,919 | $ | 6,684 | ||||||||||
Interest portion of rental payment | 13,277 | 11,802 | 13,169 | 1,623 | 1,530 | |||||||||||||||
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Total fixed charges | 64,582 | 115,399 | 104,739 | 7,542 | 8,214 | |||||||||||||||
Dividends on preferred stock | 2,348 | 20,396 | 18,951 | — | — | |||||||||||||||
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Total fixed charges and dividends on preferred stock | $ | 66,930 | $ | 135,795 | $ | 123,690 | $ | 7,542 | $ | 8,214 | ||||||||||
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Ratio of earnings to fixed charges | 6.55 | 3.62 | 1.46 | 3.65 | 4.37 | |||||||||||||||
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Ratio of earnings to fixed charges and dividends on preferred stock | 6.32 | 3.08 | 1.24 | 3.65 | 4.37 | |||||||||||||||
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