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Content analysis
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H.S. freshman Avg
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EXHIBIT 12
ST. JUDE MEDICAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands of dollars)
|
| Three Months Ended |
| FISCAL YEAR |
| ||||||||||||||
|
| March 29, 2008 |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
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EARNINGS |
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Earnings before income taxes |
| $ | 262,101 |
| $ | 744,305 |
| $ | 720,641 |
| $ | 621,404 |
| $ | 537,192 |
| $ | 458,637 |
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Plus fixed charges: |
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Interest expense (1) |
|
| 4,997 |
|
| 38,229 |
|
| 33,883 |
|
| 10,028 |
|
| 4,810 |
|
| 3,746 |
|
Rent interest factor (2) |
|
| 2,286 |
|
| 9,144 |
|
| 8,190 |
|
| 7,659 |
|
| 5,778 |
|
| 5,513 |
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TOTAL FIXED CHARGES |
|
| 7,283 |
|
| 47,373 |
|
| 42,073 |
|
| 17,687 |
|
| 10,588 |
|
| 9,259 |
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EARNINGS BEFORE INCOME |
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TAXES AND FIXED CHARGES |
| $ | 269,384 |
| $ | 791,678 |
| $ | 762,714 |
| $ | 639,091 |
| $ | 547,780 |
| $ | 467,896 |
|
RATIO OF EARNINGS TO FIXED CHARGES |
|
| 37.0 |
|
| 16.7 |
|
| 18.1 |
|
| 36.1 |
|
| 51.7 |
|
| 50.5 |
|
| (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. |