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Content analysis
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Constraining | ||
Legalese | ||
Litigous | ||
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7th grade Avg
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- 10-K Annual report
- 10.29 Consulting Agreement
- 12 Computation of Ratio of Earnings to Fixed Charges
- 13 Portions of ST. Jude Medical's 2007 Annual Report
- 21 Subsidiaries of the Registrant
- 23 Consent of Independent Registered Public Accounting Firm
- 24 Power of Attorney
- 31.1 Certification of CEO Pursuant to Section 302
- 31.2 Certification of CFO Pursuant to Section 302
- 32.1 Certification of CEO Pursuant to Section 906
- 32.2 Certification of CFO Pursuant to Section 906
Exhibit 12
ST. JUDE MEDICAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands of dollars)
FISCAL YEAR |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
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EARNINGS |
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Earnings before income taxes |
| $ | 744,305 |
| $ | 720,641 |
| $ | 621,404 |
| $ | 537,192 |
| $ | 458,637 |
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Plus fixed charges: |
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Interest expense (1) |
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| 38,229 |
|
| 33,883 |
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| 10,028 |
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| 4,810 |
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| 3,746 |
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Rent interest factor (2) |
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| 9,144 |
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| 8,190 |
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| 7,659 |
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| 5,778 |
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| 5,513 |
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TOTAL FIXED CHARGES |
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| 47,373 |
|
| 42,073 |
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| 17,687 |
|
| 10,588 |
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| 9,259 |
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EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES |
| $ | 791,678 |
| $ | 762,714 |
| $ | 639,091 |
| $ | 547,780 |
| $ | 467,896 |
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RATIO OF EARNINGS TO FIXED CHARGES |
|
| 16.7 |
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| 18.1 |
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| 36.1 |
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| 51.7 |
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| 50.5 |
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| (1) | Interest expense consists of interest on indebtedness and amortization of debt issuance costs. |
| (2) | Approximately one-third of rental expense is deemed representative of the interest factor. |